GOOD NEWS AND BAD NEWS FOR ROOFTOP SOLAR IN CALIFORNIA

The California Public Utilities Commission on Thursday passed a proposal that will reduce compensation provided to households for the surplus electricity their rooftop solar panels contribute to the electric grid.

Today’s unanimous vote by the five-member commission was monitored across the country, since California is widely viewed as a leader in the renewable energy buildout.

More than 1.5 million homes, businesses and other utility customers in California have rooftop solar panels.

CNBC