. However, during the middle of sunny spring days, the energy produced exceeds demand, meaning prices for electricity will go negative, and solar power is thrown away.
As a result, the state is slowing down on installments and cutting back its incentives for residents. Energy company Wood Mackenzie predicted that installations would fall by 40% in 2024. Residents used to be paid by the state for exporting energy to the grid, known as “net-metering,” and would receive 20 cents to 30 cents for each kilowatt-hour of electricity sent to the grid, but now, the rules have changed. Homeowners will receive money based on what the solar power electricity is actually worth to the grid.
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