Sep. 7 at 7:58 PM
$ENPH
Victory for Homeowners:
In a unanimous decision, the California Supreme Court sided with the solar industry and environmental groups, finding that the utility companies' reduced payments were too low.
Remanded to Lower Court:
The Supreme Court sent the case back to the Court of Appeal for further proceedings.
Impact of the Decision
Increased Payments:
The ruling could lead to higher payments for new solar customers who export excess power to the grid.
Re-energizing Solar Growth:
The decision offers a lifeline to the solar industry, which had experienced significant job losses and market slowdowns following the implementation of NEM 3.0.
Focus on Fairness:
The core of the legal argument centered on ensuring that the rooftop solar market continues to grow and does not disproportionately burden certain communities
