INDIANAPOLIS (AP) -
Much of the financial incentive for installing solar panels would be
eliminated under a bill approved by the Indiana House.
accounts for less than 1 percent of Indiana’s power, but utilities worry it
could cut into profits if popularity continues to grow.
The bill was
approved Tuesday on a 56-43 vote.
Solar panel owners
who feed surplus energy to the power grid now are compensated at a retail
rate that helps pay off their investments.
Brandt Hershman’s bill would significantly reduce that rate in five years,
although it would protect current solar panel owners for 30 years.
The bill already
cleared the Senate, which must sign off on changes made in the House.
If they agree, it
will be sent to Gov. Eric Holcomb’s desk.