The V.I. Water and Power Authority announced Wednesday that it will no longer accept applications for net metering in the St. Thomas-St. John district, because the allowable capacity has been reached.
Net metering is a special billing arrangement that provides customers with a credit for the full retail value of the electricity their solar system generates. The law that established net metering, Act 7075, into law in 2009, established the capacity for net metering in the St. Thomas – St. John district at 10 megawatts.
On June 23, WAPA Executive Director and CEO Julio Rhymer Sr. advised the Department of Planning and Natural Resources Commissioner Dawn Henry that the St. Thomas-St. John district has reached that authorized capacity.
“Accordingly, no further net metering interconnection will be accepted for the authority’s grid on St. Thomas,” Rhymer wrote.
There is a total of 961 net metering customers in the St. Thomas-St. John district.