U.S. Department of Energy - Energy Efficiency and Renewable Energy
EERE Financial Opportunities
California Boosts Solar Photovoltaic Funding by $300 Million
December 21, 2005
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.