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“Governor Rosselló’s approval of this transformational clean energy law marks a historic day for all Puerto Ricans,” said
The legislation establishes a 100% renewable energy renewable portfolio standard (RPS) by 2050, bans coal plants starting in 2028, provides for automatic interconnection to the grid of customer-sited solar energy systems below 25 kilowatts, and reduces the utility approval time to 90 days for commercial and industrial solar projects.
Additionally, the act mandates that solar energy users will have access to net metering within one month of a system’s installation, new solar consumers will be grandfathered and protected from future policy changes for the next 20 years, and clarifies that the existing net metering policy and grandfathering protection shall be in place for no less than five years. These provisions ensure that local consumers will benefit from the adoption of the new law.
The new law also showcases the right way to build RPS standards, by clarifying that all scales of renewable energy production, including home solar energy, will count for Renewable Energy Certificates (RECs) for RPS compliance.
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Source: Sunrun Inc.