SB295 Summary

• Renames and amends the Arkansas Renewable Energy Development Act to the "Cost-Shifting Prevention Act of 2023" to establish fair net-metering rates and prevent cost allocation to non-participating utility customers

• Establishes capacity limits for net-metering facilities: 25 kW or 100% of highest monthly usage (whichever is less) for residential customers, and 5,000 kW or 100% of highest monthly usage (whichever is less) for non-residential customers, with exceptions for previously approved larger facilities

• Requires the Arkansas Public Service Commission to approve net-metering rates by December 31, 2023, using one of two rate structures: one crediting avoided cost in dollars, or another applying the retail rate to net kilowatt hours with a monthly grid charge

• Allows net-metering surplus credits to be applied to multiple meter locations under common ownership within a 100-mile radius of the facility, with customer discretion in allocation

• Creates the "Customer Protections for Net-metering Customers Act" requiring net-metering system sellers or lessors to provide customers a 5-business-day evaluation period, detailed proposal information, energy efficiency audits, proof of required permits, and financial security for facility maintenance and decommissioning