November 17, 2024 1:34 am
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SRP settlement with Tesla could make solar, batteries more affordable

By Ryan Randazzo | The Republic

Salt River Project could settle its three-year-old lawsuit with SolarCity by buying a massive battery from the company, now owned by Tesla Inc., and giving incentives to customers who want to put batteries on their homes.

SRP’s board of directors voted Monday to negotiate a deal to end the lawsuit, which dates to 2015 when SRP OK’d new rates for customers with solar panels. The U.S. Supreme Court was scheduled to hear oral arguments on the case this month.

SolarCity sued SRP in Arizona District Court, accusing the utility of “anticompetitive and tortious conduct designed to eliminate solar competition.”

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.