Agreement Reached in Mo. Renewable Energy Program
JEFFERSON CITY- An agreement taking effect this month spells out how much a Missouri power company can pay in solar rebates to electric customers.
It caps rebates to $50 million in Kansas City Power & Light Greater Missouri Operations and to $36.5 million in Kansas City Power & Light Missouri for rebates paid after September 2012. About $21.4 million has been paid in Kansas City Power & Light Greater Missouri Operations and $8.4 million in Kansas City Power & Light Missouri. The power company said estimating when the limits would be reached is difficult.
Solar rebates arose from a 2008 voter-approved law requiring investor-owned utilities to use more renewable energy sources. At least 2 percent must come from solar energy. Electric rates also cannot increase by more than 1 percent to comply.