SolarCity, the nation’s largest installer of solar panels, says it will cease operations in Nevada after the state’s Public Utilities Commission passed new rules Dec. 22 reducing the credits customers receive for producing solar electricity and increasing the flat rate for solar installation owners.
The new rules, which go into effect Jan. 1, are retroactive for the state’s 21,000 solar customers.
SolarCity CEO Lyndon Rive called the PUC’s plan “unethical, unprecedented and possibly unlawful,” according to Fortune. Furthermore, Rive said, the decision will “damage the state’s economy and jeopardize thousands of jobs.”
Nevada utility NV Energy was supportive of the plan, saying solar customers don’t contribute their fair share to maintain the grid.