Iowa SF2056 modifies billing methods for distributed generation customers, allowing them to cash out excess kilowatt-hours directly.

Iowa SF2056 amends the billing process for distributed generation customers, ensuring that any excess kilowatt-hours remaining at the end of a 12-month period are cashed out directly to the customer at their request or when they discontinue service. The cash out is done at the electric utility’s avoided cost rate, with the funds divided evenly between the customer and the electric utility’s low-income home energy assistance program. Customers can choose either a January or April cash out date when they interconnect.

Iowa SF2056 modifies billing methods for distributed generation customers, allowing them to cash out excess kilowatt-hours directly.

Iowa SF2056 amends the billing process for distributed generation customers, ensuring that any excess kilowatt-hours remaining at the end of a 12-month period are cashed out directly to the customer at their request or when they discontinue service. The cash out is done at the electric utility’s avoided cost rate, with the funds divided evenly between the customer and the electric utility’s low-income home energy assistance program. Customers can choose either a January or April cash out date when they interconnect.