Assembly committee extends SREC II program, sets higher solar target through 2035
The panel released AB3969 (concurred with S39669) as amended to extend the SREC II program’s targets to 2035 and adjust annual megawatt targets; proponents said it preserves solar jobs and avoids losing federal incentives, while the Division of Rate Counsel warned of added costs to ratepayers.
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The Assembly Telecommunications and Utilities Committee released AB3969 (the assembly version of S39669) as amended, a bill that adjusts targets under the State’s SREC II solar incentive program and extends program timelines to 2035.
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