Negotiations have begun on legislation intended to give Arkansas residential solar energy users extra cash on any excess power generation that goes into the energy grid.
Under HB 1047, filed January 3, “net-metering” retail customers in Arkansas would be compensated for any excess solar generation. As currently written, Meeks’ bill would expand the Arkansas Renewable Energy Development Act of 2001 and update the state’s net-metering regulations promulgated by the Solar Access Act of 2019 (Act 464). Clean energy advocates in Arkansas have hailed that legislation as a game-changer for the state’s fledgling renewable energy industry.
Act 464 allows for third-party financing of solar projects, which is helpful to tax-exempt organizations and government entities that otherwise would not qualify for federal tax incentives for installing solar panels. Act 464 changed regulations governing the production of electric power by raising the limit for commercial customers of electric utilities that have solar systems, from 300 kilowatts to 1,000 kilowatts.