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Regulators Vote To Phase In Solar Rate Hike More Slowly

LAS VEGAS (AP) — The Nevada Public Utilities Commission has voted to phase in higher rates for rooftop solar customers over a longer period of time than previously approved.

Regulators voted 3-0 on Friday to implement the new rates over 12 years, rather than four years.

Commissioners approved new rates in December for customers who use net metering, or sell excess energy from their solar panels back to the utility.

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Regulators say the rates better reflect the declining cost of solar power and phase out a subsidy traditional energy customers pay to support a much-smaller group of rooftop solar customers.

Solar customers say it means their panels will take years more to pay off. Solar companies have responded by laying off employees and staging large protests outside PUC meetings.