By Will Stone | KJZZ
Some of the country’s major solar companies are leaving Nevada after a controversial rate hike was approved for the state’s largest utility.
The news could be a signal to policymakers in Arizona, where the future of rooftop solar is still uncertain. For industry players like Sunrun and SolarCity, the Nevada Public Utilities Commission dealt not one, but three death blows to the industry.
Under the changes, the monthly fee for most NV Energy customers with rooftop solar jumped about $5 and will continue to climb. At the same time, customers will get less money for sending power back to the grid, known as net-metering.