SolarCity announced plans Wednesday to cease operations in Nevada after regulators drastically cut benefits for retail solar owners.
The rooftop solar giant, based in San Mateo, Calif., said in a statement that after bringing 2,000 jobs to Nevada since 2013, the state has all but killed the retail solar industry in favor of the utility industry.
“This is a very difficult decision, but Gov. Sandoval and his PUC leave us no choice,” Lyndon Rive, SolarCity’s chief executive, said in a statement. “The people of Nevada have consistently chosen solar, but yesterday their state government decided to end customer choice, damage the state’s economy and jeopardize thousands of jobs.
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