California is grappling with significant issues concerning housing affordability and clean energy, and the introduction of Assembly Bill 942, sponsored by Assemblymember Lisa Calderon, could compromise both. This bill threatens to undermine existing solar energy agreements that stabilize utility costs for tenants and homeowners. If enacted, AB 942 would reduce the value of solar energy credits dramatically, harming property owners' investments and shaking trust in the state's commitment to sustainable energy solutions and affordable housing initiatives.
If passed, Calderon's bill, AB 942, would suppress the expansion of affordable housing and cause a troubling loss of trust in state commitments.
These agreements guaranteed that anyone who installed solar panels before April 2023 would receive fair compensation for the energy they produce for a full 20 years.
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