This headline on solar leases from an investment site caught my eye: “Solar Leases Set To Become Toxic in Arizona.”
Drawing free renewable energy from the sun sounds like a grand idea to many – but not if you happen to be a utility company operating with a business model based on the selling energy.
Solar, which once had giant utilities standing tall as a champions of renewable energy, now no longer looks so good in the executive offices of the Salt River Project Agricultural Improvement and Power District, Arizona’s largest utility, known in short form as SRP.
It is widely anticipated the utility will adopt changes on self-generated electricity, taxing solar lease providers and consumers.
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