Recent changes in Arkansas law will result in a change to the compensation received by net metered accounts. This will affect current and future solar members differently.
Currently, net metered accounts are compensated at a one-to-one kilowatt-hour rate for all energy exported to the grid. Beginning in October 2024, all new net metered accounts will instead be compensated at the avoided cost rate, or about half the current rate. Any net metering accounts in operation before October 2024 will be grandfathered in at the current one-to-one compensation until the year 2040.
There are currently no details on what exact pricing structure will replace one-to-one net metering. Craighead Electric will communicate those specifics once they are finalized.
Learn more about our net metering program and going solar at Net Metering.
