An act relating to the net metering formula

This bill (H.716) changes Vermont's net metering rules for solar energy customers. It freezes the "negative adjustor" at a maximum of -$0.04 per kWh for excess solar electricity sent back to the grid and eliminates any adjustor for electricity used directly on-site ("behind-the-meter"). These changes directly affect residential and commercial solar customers who generate more power than they use. The policy takes effect July 1, 2026, ensuring solar customers receive clearer, more predictable credit calculations for their excess energy.