California Boosts Solar Photovoltaic Funding by $300 Million
The California Public Utilities Commission (CPUC) increased its funding for solar photovoltaic technologies by $300 million on December 15th. The funding increase—the first step in the CPUC's proposed California Solar Initiative—will be issued via the CPUC's Self-Generation Incentive Program (SGIP). The decision also reduced the rebate level for solar photovoltaic systems from $3.50 per watt to $2.80 per watt of installed capacity, starting with projects that sign up for funding in 2006. For projects already on the waiting list, the rebate level will be $3 per watt. According to the CPUC, reducing the rebate level will allow it to stretch limited program funding to as many projects as possible. See the CPUC press release.
At the CPUC's January 12th meeting, the full ten-year California Solar Initiative funding and framework will be considered. According to the Solar Energy Industries Association (SEIA), that full proposal aims to install 3,000 megawatts of solar power in California. See the California Solar Initiative proposal and the SEIA press release.