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Solar Energy Initiative – California approves $2.9 Billion Program

January 23rd, 2006

Solar Energy Initiative – California approves $2.9 Billion Program

Solar Panel Shingles

A new program has been approved by the California Public Utilities Commission (CPUC) called the California Solar Initiative.  This is a 10 year program that will pay out $2.9 billion on rebates for solar power systems installed on rooftops.  It will further expand to solar hot water and solar heating and cooling systems after time.

With shortages of power available to California residents, solar power is just another method to help make power for its residents.  By the year of 2017, it is hoped that the state will increase the states power by 3,000 megawatts.

"California has long been a leader on environmentally-sound approaches to the provision of energy. We adopted formalized policies on renewable power and energy efficiency in our Energy Action Plans," said PUC President Michael R. Peevey. "The California Solar Initiative continues that tradition with an aggressive new program to promote solar development."

 

The solar power system rebate will start at $2.80 per watt and will decrease about 10 percent per year there-after.  They will target the rebate to new housing development, low-income customers, affordable housing, research, development and demonstration activities.

Large-scale power production from solar thermal energy is also underway.  The CPUC approved a contract for San Diego Gas & Electric Company to purchase 300 megawatts of solar power from Stirling Energy Systems.  The goal for this project will be to cover three-square miles of California’s Imperial Valley with solar dish-shaped array of mirrors that harness the sun’s energy.  There are future hopes for more projects with this electric company to create an additional 600 megawatts from solar power. 

 

"We are taking an important step today to lay out a framework for an orderly, 10-year approach to creating a sustainable solar industry. Our hope is that solar will become a major part of California's energy portfolio, to provide clean and inexpensive distributed generation to millions of California consumers," President Peevey said in a statement, "Our plan is to offer a subsidy now to push the deployment of an important part of our sustainable energy future in the long-run. This solar program simply offers one of the many emerging alternatives to consumers concerned about a clean energy future."

 
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By Nicole Wilson
Best Syndication Staff Writer

 

 

 

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Copyright 2005 Best Syndication                                            Last Updated Saturday, July 10, 2010 09:49 PM