NEWS: Rocky Mountain Power, solar advocates, reach a deal on an alternative to utility’s net-metering program

Salt Lake Tribune
The state’s largest provider of electricity has agreed to drop its bid to change the way customers with rooftop solar pay for their power — and will instead grandfather in existing net-metering customers until the year 2035. 

In a settlement released Monday evening, Rocky Mountain Power, solar advocates and several state agencies outlined the details of the new agreement that includes a plan to decrease the value of credits customers receive from the utility in exchange for the excess power their panels generate. 

Solar company leaders hail this compromise as one that will keep their burgeoning industry stable for the time being. And it received the approval of Gov. Gary Herbert, who announced the agreement in a news release.

Read the full article here.