Solar Market and Cost Analysis

Q4 2022 State Updates New Jersey-The public utilities commission established a competitive solar incentive program for grid-supply solar and storage and nonresidential net-metered solar larger than 5 MW, targeting at least 300 MW of capacity added each year through 2026. California-Regulators approved a plan to achieve statewide carbon neutrality by 2045, which will entail quadrupling wind and solar energy, electrifying new buildings, and capturing carbon emissions. Wisconsin―The public utilities commission ruled that a family could purchase solar power from a third-party installer, stating that this arrangement did not constitute an illegally competing public utility. Whether the ruling will open the state's third-party solar market broadly remains in question. Michigan-The public utilities commission rejected a utility plan to impose demand charges on rooftop PV customers and reduce compensation for PV electricity, stating that a cost shift from PV customers onto non-PV customers was not proven and that the utility improperly evaluated the benefits of PV. Maryland―The state's most populous county banned natural gas heating and cooking in new buildings, likely by 2027, to accelerate building electrification-the first county on the East Coast to do so. CA WI MI NJ MD NREL 8 Source: AP (12/19/22), E&E News (11/30/22, 12/2/22), New Jersey Board of Public Utilities (12/7/22), PV Magazine (11/21/22, 12/5/22, 12/8/22), Utility Dive (12/2/22)

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