It’s been six months since California regulators slashed the value of home rooftop solar systems — and the market crash that the state’s solar industry warned would result is now well underway.
On Thursday, the California Solar and Storage Association unveiled data showing a 77 to 85 percent drop in rooftop solar projects since April. That’s when the California Public Utilities Commission’s controversial “net metering 3.0” decision, which cuts about one-third to one-half of the compensation value of newly installed solar systems for households compared to what they could have received under the state’s prior net-metering regime, went into effect.
