State Mandated Subsidies Complicate Power Policies

People in the process of putting a solar-energy system on their home or business rooftops could end up with less of an energy credit from Public Service Company of New Mexico under a plan approved by the Public Regulation Commission in mid-August. The plan also doesn't guarantee that the financial landscape for solar purchasers and installers won't change again next year, something renewable-energy advocates had hoped would change. PNM annually must present a plan to regulators stating how the company will meet its state-required renewable-energy goals. "We hoped to provide a little certainty in the agreement because, as business owners, we make certain commitments," said Randy Sadewic, general manager of Positive Energy, a solar-energy installation business in Santa Fe. "We can't do this based on short-term incentives." Read more here:

State Mandated Subsidies Complicate Power Policies