Arizona’s major utilities, Arizona Public Service and Salt River Project, have been running out of incentives for solar like it’s a popular toy on Black Friday.
There are lots of stories about early-adopting states like New Jersey having similar problems with their programs. Today, however, I heard what Florida Power and Light did.
The utility is in the first year of a five-year pilot program, spending about $15.5 million a year on solar incentives that included solar water heating and commercial systems.
Shockingly, it proved popular. The program opened June 29 and was out of money in an hour.
Today, the utility took $5 million from some remaining funds it was putting toward photovoltaic installations at the end of the month…
Read More: Arizona utilities not the only ones getting high interest in incentives via Phoenix Business Journal