NV Energy has filed a settlement agreement that would grandfather customers into their old rates.
The agreement reached with the Public Utilities Commission and SolarCity would lock customers who installed a rooftop solar system before Dec. 31, 2015 into their old net metering rates for 20 years.
It would affect around 32,000 solar customers.
The agreement is still pending approval from the PUC, which could come Friday.
Gov. Brian Sandoval released a statement regarding the agreement Monday night.
"I asked the major companies involved in the issue of net metering to work together and reach a resolution that benefits Nevada ratepayers and solar customers and ensures Nevada maintains its status as the national leader in clean and renewable energy," he said. "I am pleased with the result and believe it is in the best interests of all Nevadans. I am hopeful that the PUC will act quickly on this agreement. It is time to move on."
Erin McCann, campaign manager of the Bring Back Solar Alliance, issued the following statement:
“We applaud the solution reached by SolarCity, NV Energy, the Bureau of Consumer Protection, and Public Utilities Commission Staff that would grandfather Nevada’s 32,000 rooftop solar customers on the net metering program they signed up under. We encourage the Public Utilities Commission to make the right choice for Nevada’s solar customers and our economy, and approve the stipulation without further delay.”