California Solar Initiative sees robust demand in first year

[OKIsItJustMe]

http://www.bizjournals.com/eastbay/stories/2008/01/28/daily2.html

Monday, January 28, 2008 - 10:23 AM PST

California Solar Initiative sees robust demand in first year

East Bay Business Times - by Mavis Scanlon

The California Solar Initiative, a state push to to create 3,000 megawatts of new solar-produced electricity by 2017, received strong interest in its first year, according to a staff assessment from the California Public Utilities Commission.

In the program's first year, demand for CPUC-administered California Solar Initiative incentives exceeded the state's total installed solar capacity, the CPUC said in a progress report released Jan. 25.

Between Jan. 1 and Dec. 31, 2007, the program saw applications for 208.6 megawatts of new solar. In total, the program received 7,541 applications worth $558 million in incentives. That total excludes applications that were withdrawn or rejected. The CSI statewide budget is $3.3 billion over 10 years.

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The 829 nonresidential applications, from businesses, nonprofits and government organizations, make up 176.8 megawatts in active applications, although they make up only 11 percent of the total number of applications. California residents made 6,712 applications for solar power during the year but all of those applications comprise 15 percent of the total megwatts in active applications.

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