Florida Gov. Ron DeSantis vetoed a bill on Wednesday that would have ended solar power subsidies for residential customers.
The Republican governor killed the anti-net metering bill that had been passed by the Republican-controlled Legislature by votes of 24-15 in the Senate and 83-31 in the House. It's the first bill DeSantis has vetoed in the 2022 legislative session.
“Given that the United States is experiencing its worst inflation in 40 years and that consumers have seen steep increases in the price of gas and groceries, as well as escalating bills, the state of Florida should not contribute to the financial crunch that our citizens are experiencing,” DeSantis wrote in the veto letter.
Florida established net metering in 2008 as a way to encourage homeowners to install solar panels and bolster the relatively new solar industry. Under net metering, electrical companies are required to buy back extra energy generated by home panels after that energy is added to the utility’s grid for distribution to non-solar customers.
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The new legislation would have started taking effect next year, when the credit received by new customers with solar panels would have gradually started to drop. New customers with solar panels would no longer receive any credits by 2029. Existing customers with solar panels would have kept receiving credits for 20 years at the rate from when their panels were installed.
Supporters of the bill have argued that net metering unfairly pushes utility costs to non-solar customers. Critics have said the bill would effectively kill the residential solar industry in Florida.