Thursday, July 15, 2010

California Temporarily Suspends Incentives for Some Solar Projects

(Image: California Public Utilities Commission President Michael R. Peevey)

Daily Finance

"Talk about bad timing. Just days before the start of Intersolar North America, a large solar-industry conference in San Francisco, the state of California temporarily suspended part of its popular solar incentive.

Not only did the ruling come -- somewhat embarrassingly -- right as the industry was celebrating its success in the Golden State, the largest solar market in the U.S., but it also came during the industry's busiest season for installations. Adding to the pain, the decision puts large installations on hold at a time when installers are racing to take advantage of federal Treasury grants, which expire at the end of this year.

Industry on Fire, Now on Hold" More>>>>

California has put some of its solar incentives  on hold temporarily while it rejiggers part of its program.

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