Never put any trust in operations where government handouts are the first source of funding.
Sungevity is laying off workers, auctioning off some assets, and agreeing to hand over control investors in exchange for $20 million in financing to keep the company’s operations going.
Sungevity was one of seven residential solar power companies, which Congress announced in September it would formally investigate for wrongfully receiving billions in tax credits from the government. The federal government likely handed out roughly $25 billion in cash grants and tax credits to these companies.
Another solar company called Beamreach went bust in January after it received $3 million in Department of Energy funding in 2008. The major solar company SunEdison also recently declared bankruptcy. Roughly five major solar companies closed up shop in 2015, which follows the historic tendency that solar power companies tend to go bankrupt as soon as the subsidies are cut off.
Solar Not Substainable
One of the options is replacing the original lamp posts in Candy Cane Lane with solar. LOL. When the NOAA put up solar lights all hell broke loose.
Among the projects are an illuminated crosswalk on Forest Avenue at Pacific Grove Middle School, sidewalk repairs on “safe routes to school” and planning for 60 new street lights in the Candy Cane Lane neighborhood.
City Street Projects 2013-14
The Pacific Grove City Council Wednesday rejected a bid to increase development permit fees by 15 percent and voted unanimously to cut drastically the fees homeowners pay for going solar. City manager Jim Colangelo recommended tacking on a 15 percent long-range planning fee on all development permits, something the council said needed more public input.
Only a “handful” of P.G. residents each year apply for a solar permits, Colangelo said.
Solar in P.G? That makes about as much sense as drawing heat from the bay or milking raccoons for sustainable protein sources.
Over in Santa Clara, there is a war between two neighbors. Get this, the Earth loving ones with the solar panels are suing to get the next door neighbor to CUT DOWN their redwood trees because they block the panels . .
A judge ordered Carolynn Bissett Treanor and her husband Richard Treanor, who live on the 1500 block of Benton Street in Sunnyvale, to trim or move two redwood trees on the north side of their property because they shade Mark Vargas’ solar panel installation, which is over the fence on the 3700 block of Benton Street in Santa Clara.
Thank Apollo, Solar Permit Fee Hike Rejected