Solar Risk: How Energy Storage Can Preserve Solar Savings in California Affordable Housing
May 17, 2017
by Seth Mullendore and Wayne Waite, Clean Energy Group
Recently, utilities and regulators in California have proposed policy changes and new electricity rate structures that could drastically erode the value of stand-alone solar in California. Those changes, through modifications to net metering, time-of-use rates, and demand charges, could hit solar installations in affordable housing especially hard.
This report explores potential risks for California’s multifamily affordable housing sector, and makes two important findings: (1) the changes would significantly reduce the value proposition for a stand-alone solar system, and (2) incorporating energy storage could potentially reverse these negative economic impacts.