Real Estate News | Real Estate Investing | Stock Market Investing | Passive Income | Flipping | 1031 Exchange | Private Lendi

California is eliminating a substantial subsidy for people who add solar panels to their homes and businesses. The new policy will reduce the amount of money that utilities are required to pay to homeowners who pump surplus electricity back into the grid. There’s now concern that the decision will hurt the solar industry in California, and potentially other states that may follow California’s lead. State regulators say the old policy is outdated, and the new one paves the way to the future.   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.   The five-member California Public Utilities Commission voted unanimously in favor of the proposal. They say it will promote grid reliability and distribute the cost of maintaining the grid more equitably, while incentivizing the use of rooftop solar with battery storage. CPUC Commissioner Clifford Rechtschaffen says: “The decision strikes the right balance between many competing priorities a