With the ruling of the Arizona Corporation Commission being finalized and the expiration of previously offered solar rate options on September 1st, I am happy to say that we have locked in solar rate sellback pricing for the next 20 years. We will receive a minimum of $0.145 per kWh for the next 20 years, while new solar customers will currently receive $0.125 per kWh, an amount will be lowered by 10% per year until it reaches commercial rates.
This is a big win for the Green Energy Project, as it assures us not only access to cheap power, but access to a high compensation rate for excess produced energy decades into the future.