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Monthly Netting Webinar Recap

Thanks to the participation of PSC Commissioner, Tim Echols, PSC Energy Efficiency and Renewable Energy Manager, Jamie Barber, and Southern Environmental Law Center Senior Attorney, Kurt Ebersbach we were able to learn a few things that we didn’t know before the webinar. Below is a recap of the webinar including some things we learned and a few things we are still waiting for clarification on, video of the webinar in its entirety, and some FAQs that help clarify some nuances of the new compensation program. 

 

What we learned: 

  • Georgia Power customers that were on the Renewable Non-renewable tariff (“RNR”) prior to January, 1 2020 will begin to see credits on their bill in July and retroactive to the January billing cycle. Customers that switch to RNR will begin to see credits on their bill in July and retroactive to when they switched. 

  • Customers on a Time-of-Use (“TOU”) rate plan will receive peak-hour credit for generation exported during peak hours.

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A Letter of Hope for the Solar Industry

By Thatcher Young, Velo Solar

 

I know for many this is a time of true hardship and in some cases pain both personally and professionally, and I want to acknowledge this reality. For all those who are suffering, scared and uncertain of the future, my thoughts and prayers are with you and your family.

Almost more than any other industry, Solar has seen more than its fair share of volatility.  I often think we should look to Nostradamus rather than the solar press for predictions of our future.  So, in the current crisis I want to take a moment to paint an optimistic picture of how our industry emerges from the COVID-19 pandemic.

Since I couldn’t get Nostradamus on the ouija board; I turned to the analytics firm McKinsey for a glimpse into a more hopeful future. In their recent analysis “Addressing climate change in a post-pandemic world,” they explain how COVID will likely realign priorities and perspectives for the better:

“Furthermore, addressing pandemics and climate risk requires the same fundamental shift, from optimizing largely for the shorter-term performance of systems to ensuring equally their longer-term resiliency.” 

“We can already start seeing how the coronavirus pandemic may influence the pace and       nature of climate action, and how climate action could accelerate the recovery by creating jobs, driving capital formation, and increasing economic resiliency.”

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Summary of COVID-19 Stimulus Packages

By Montana Busch, Alternative Energy Southeast

 

Information on the COVID-19 stimulus packages has been coming out rapidly. So far Congress has passed three pieces of legislation and there are talks of a fourth and fifth coming. For our members who may be having a hard time keeping up with all this we wanted to provide a high-level overview and let you know where to get the details. There are eligibility requirements and other limitations for these programs that we won't get into here. This is not legal or financial advice.

COVID-I -- The Coronavirus Preparedness and Response Supplemental Appropriations Act was enacted on March 6th and provided funding for the EIDL (Economic Injury and Disaster Loan). These loans are provided by the SBA and they promise a $10,000 advance on the loan which does not have to be paid back if your application for the EIDL is denied. The entire state of Georgia is considered an eligible location as we are a hot zone for the virus. Click here for more information.

COVID-II -- The Families First Coronavirus Response Act (FFCRA) was signed into law on March 18th and made active on April 1st. It provides tax credits to employers who offer up to two weeks of paid sick leave and/or up to 10 weeks of paid family medical leave. Employers can claim this tax credit immediately for full reimbursement through reduced payroll taxes. Click here for more information.

COVID-III -- The Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted on March 27th and brought the Paycheck Protection Program Loan (PPPL), tax relief and unemployment insurance expansion. The PPPL is a fully forgivable loan if the business meets certain requirements including keeping the same number of employees. The U.S. Treasury Department has advised businesses to apply for PPPL quickly because there is a funding cap. While the application was just released on April 3rd, banks are saying they’ve already received an influx of applications. Lawmakers intend to add more funds to the PPPL in future legislation that is already in the works. To learn about the application for the EIDL or PPPL Click here.

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Georgia Solar Energy Association Lauds Improved Compensation for Rooftop Solar

 

Georgia Solar Energy Association Lauds Improved Compensation for Rooftop Solar

 Atlanta, GA – The Georgia Solar Energy Association applauds a new compensation program for Georgia Power customers that install their own solar. This program could improve the ROI for onsite solar investments.

The program, available to 5,000 Georgia Power solar customers or 32Mw, whichever comes first, will credit them at a higher rate for the energy they feed to the grid. This is made possible by what is referred to as “Monthly Netting of Energy.” Under this program, rather than instantly crediting a customer’s excess solar generation at wholesale prices, the utility will use it to offset consumption, thereby further reducing the customer's bill. That means residential solar customers could receive $400+ annually in additional savings over the current compensation formula.

Requirements, procedures and applications for the program are currently being developed.

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