California homeowners and businesses, taking advantage of a state rebate program that encourages the installation of solar panels, are now generating 1 gigawatt — or 1,000 megawatts — of electricity, roughly the equivalent of a nuclear power plant, state regulators say. Launched in 2007, the $2.4 billion California Solar Initiative has offered rebates as high as $2.50 per watt to businesses and homeowners who installed solar panels, with a target of generating 1,940 megawatts by the end of 2016. According to state data, the program so far has encouraged the installation of 1,066 megawatts, more solar capacity than any other state and more than most countries. While the state incentive has fallen by as much 92 percent since the program was introduced, the number of applications continues to increase as the price of solar power installations falls, the San Francisco Chronicle reports. When the program started six years ago, residential solar systems cost about $9.76 per watt; they now cost about $6.19 per watt.
California Solar Rebate Program Reaches 1-Gigawatt Milestone
More From E360
-
INTERVIEW
Marina Silva on Brazil’s Fight to Turn the Tide on Deforestation
-
Solutions
Solomon Islands Tribes Sell Carbon Credits, Not Their Trees
-
INTERVIEW
With Sea Turtles in Peril, a Call for New Strategies to Save Them
-
RIVERS
Jared Kushner Has Big Plans for Delta of Europe’s Last Wild River
-
Energy
A Nuclear Power Revival Is Sparking a Surge in Uranium Mining
-
OPINION
Despite Official Vote, the Evidence of the Anthropocene Is Clear
-
INTERVIEW
At 11,500 Feet, a ‘Climate Fast’ to Save the Melting Himalaya
-
Oceans
Octopuses Are Highly Intelligent. Should They Be Farmed for Food?
-
Climate
Nations Are Undercounting Emissions, Putting UN Goals at Risk
-
Solutions
As Carbon Air Capture Ramps Up, Major Hurdles Remain
-
ANALYSIS
How China Became the World’s Leader on Renewable Energy
-
Biodiversity
As Flooding Increases on the Mississippi, Forests Are Drowning