Net metering bill veto was the right decision
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With his veto of the net metering bill (House Bill 365), Gov. Sununu took a stand for the average N.H. taxpayer. With per capita income in our state at roughly $38,000 per year, renewable energy may be out of reach for most of us.
A recent study revealed that 79% of taxpayers who take advantage of the electric vehicle tax credit make over $100,000 per year. That makes it a tax break for the well off. (Fully 70% make over $199,000.)
The governor’s veto of HB 365 will forestall yet another tax break for the wealthy – an increase from one to five megawatts in the size of renewable energy installations that qualify for net metering.