May 3, 2016 7:36 AM

Hassan signs bill expanding financial incentive for solar

NH1.com

CONCORD (AP) — More homeowners and businesses can now take advantage of a financial incentive for installing solar power.

A bill signed by Democratic Gov. Maggie Hassan on Monday lifts the cap on a program called net metering, which allows solar power generators to sell the energy they don't use back into the electric grid. An existing cap limits how many megawatts can be sold back into the grid, and this legislation doubles the cap. It takes effect immediately.

Hassan says lifting the cap will help New Hampshire's clean energy industry "grow and thrive."

The incentive is available for residential customers and businesses.

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