EDITOR: | July 12th, 2013

Solar homes in state [of California] multiplying

| July 12, 2013 | No Comments

July 12, 2013 (Source: CalCoast News) — Home solar systems were installed by California homeowners at a record rate last year, with the equipment generating a total of 391 megawatts of electricity, according to data released by the government.

A rebate program for solar installations is nearly over, but the pace of installations is increasing.

The rebate program was initiated in 2007 and used $2.4 billion in taxpayers’ money. The program has achieved about 66 percent of its total goal, according to the California Public Utilities Commission (PUC).

Costs of installation has dropped since the program began, suggesting to officials that a vigorous solar industry is emerging, one that will be capable of growth without government subsidies.

When the rebate program ends, homeowners who generate more solar power than they use will still have access to credits on utility bills.

That’s a benefit, incidentally, that utility companies are lobbying to terminate.



InvestorIntel is a trusted source of reliable information at the forefront of emerging markets that brings investment opportunities to discerning investors.

Copyright © 2019 InvestorIntel Corp. All rights reserved. More & Disclaimer »

Leave a Reply

Your email address will not be published. Required fields are marked *