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Author Topic: As Taxpayer Subsidies Dry Up, California’s Rooftop Solar Industry Is Going Down  (Read 232 times)

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Offline rangerrebew

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As Taxpayer Subsidies Dry Up, California’s Rooftop Solar Industry Is Going Down
« on: January 31, 2024, 07:23:34 am »
WRITTEN BY NICK POPE ON JAN 30, 2024. POSTED IN LATEST NEWS

As Taxpayer Subsidies Dry Up, California’s Rooftop Solar Industry Is Going Down

solar panel rooftop installNumerous rooftop solar panel companies in California are staring down bankruptcy despite the industry’s receipt of generous state and federal subsidies.

For many years, the state has generously subsidized the rooftop solar industry to the annual tune of up to $6 billion to spur green energy development, a spokesperson for the California Public Utilities Commission (CPUC), the state’s utility regulator, told the Daily Caller News Foundation. [emphasis, links added]


Now that state subsidy dollars are starting to dry up, rooftop solar companies in California are struggling mightily, with one insurance company estimating that about 75% of the affected companies in the state are at high risk for collapse, according to pv magazine USA.

https://climatechangedispatch.com/as-taxpayer-subsidies-dry-up-californias-rooftop-solar-industry-is-going-down/
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