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Updated almost 7 years ago on . Most recent reply

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Andrew Smith
  • Investor
  • Valencia, CA
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Andrew Smith
  • Investor
  • Valencia, CA
Replied

Well I think it's fantastic on many levels. The 5th largest economy on the planet made solar mandatory on new construction! The ripple effects of people adding solar to their homes to keep up with that is huge as it will be as other States/Countries follow suit.

I think on a practical level (and yes I am in the solar industry), is that anyone considering solar now should jump on it. When things become mandatory, there is much less need to offer incentives - no one pays us to wear seatbelts. As this ripples though, it's impossible to imagine the Federal tax rebates won't diminish.

Also, none of the utility companies are complaining about this. Why? Well it means that the quotas of solar adoption will happen faster so the utilities can renegotiate net metering rates. Expect to see those becoming less as more solar is adopted.

I know some will hate California for it, but I absolutely think it rocks that California is leading the World on the inevitable journey to renewable energy. 

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