Nevada Opens Third 80-Megawatt Tranche of Net Metering Program With Lower Credits

The Nevada Public Utilities Commission announced that net metering credits for grid-exported energy will decrease to 81 percent of the retail electricity rate from 88 percent after customer subscriptions reached the 80-megawatt threshold under the second tier of the program, according to a June 26 press release. New and existing solar capacity on the system have topped 160 megawatts under the first two tranches since the new net metering policy two effect two years ago.

Legislation enacted in June 2017 reinstated net metering in the state, creating a four-tiered system to reimburse customers at slightly less than the retail rate of electricity. The compensation was set to start at 95 percent and decrease in 7-percent increments for every 80 megawatts of supplies that are added, with a floor of 75 percent. Tier 4 will remain open for all future net metering customers.