January 2, 2015 - North Carolina energy regulators quietly released one of their most significant, long-awaited decisions of 2014, just as the year was ending. The state Utilities Commission had spent nearly the entire year re-evaluating the rules for solar energy. On Wednesday, the commission decided to leave substantially intact the rules which have underlied a solar energy boom in North Carolina.
The rules essentially required utilities to buy the power from small solar farms, at a set price, for up to 15 years. So, solar developers knew the price they would get for their product and how long they would get that price.
It’s a more generous deal than in most states, and North Carolina has become the fourth-largest producer of solar power in the U.S., largely due to small solar farms using these contracts. read & listen to more>>>