California PUC Proposes 3,000 MW of Solar Power
The California Public Utilities Commission (PUC) has unveiled its California Solar Initiative, proposing to install 3,000 MW of solar on California homes, businesses, farms, schools and public facilities. The program, if adopted in mid-January by the five-member Public Utilities Commission, will be the nation’s largest solar power investment, designed to make solar power mainstream and affordable.
It will add clean energy to the state’s peak demand resources, reduce risk by diversifying the state’s energy portfolio, and establish a world-class solar market in California.
“This is the kind of long-term, visionary policy that allows the US solar industry to invest in technological innovation and scale up manufacturing,” said Rhone Resch, president of the national Solar Energy Industries Association. “With this investment, California will make solar power a major resource for our energy future. We applaud the CPUC and the California Energy Commission for proposing a monumental decision that will build the nation’s largest solar market and reduce costs.”
The proposed California Solar Initiative will create 11 years of funding. The PUC would provide $2.8 billion in customer incentives for solar projects on existing residential buildings, as well as all public buildings, industrial facilities, businesses, and agricultural facilities. The CEC program would provide $400 million in incentives for new homes, specifically targeting collaborations with the builder / developer community. Incentives would be gradually reduced over time and phased out by 2016 under the PUC proposal.
Source: US Newswire.
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