in News Departments > Policy Watch
print the content item

Voters in California have approved Propositions 30 and 39, both of which are regarded as positives for the solar sector.

Prop 39 modifies the state's corporate state code to be based on sales rather than payroll, thus generating an additional $1.1 billion in revenue annually, the Solar Energy Industries Association (SEIA) explains. For the first five years, half of that revenue will go to solar and other renewable energy initiatives.

"California voters not only modernized the state's corporate tax structure by passing Prop 39, they indicated their strong support for renewable energy, including expanding solar energy and encouraging related investment over the next five years," said Carrie Cullen Hitt, vice president for state affairs for SEIA, in a statement.

Prop 30 increases taxes on high-income earners (more than $500,000 annually) in order to eliminate $6 billion in cuts to California colleges, schools and public safety, SEIA says. Hitt says passage of the initiative provides hope that California's governor, Jerry Brown, and other state leaders will balance the budget while maintaining support for solar.



IronRidge_id1414

Surrette_id1409
Latest Top Stories

Installer's Survey Shows Solar Energy Customers Predominantly Middle Class

Massachusetts installer New England Clean Energy surveyed nearly 250 of its customers and found that the majority of households installing solar are middle class.


U.S. Renewables Continue To Outpace Coal, Oil And Nuclear In New Capacity

New U.S. capacity from renewables so far this year is almost 35 times that of coal, oil and nuclear combined - 3,598 MW vs. 104 MW. Solar and wind are running virtually neck-and-neck, with 1,671 MW and 1,614 MW, respectively.


Energy Department Invests Millions More In Cost-Cutting Solar R&D

The U.S. Department of Energy (DOE) is awarding $53 million to dozens of research and development (R&D) projects that aim to drive down the cost of solar energy.


TVA Reconsiders Solar's Role And Value In New Resource Plan And Grid Study

Critics point to wide variations in caps and premiums paid for solar under the Tennessee Valley Authority's (TVA) current plan. The utility agency says it will incorporate more solar stakeholders in future programs.


After Massachusetts' 'Godfather Of Solar' Exits, Will The New Gov. Step Up?

Bay State solar developers and suppliers look back on the legacy of Gov. Deval Patrick while awaiting Massachusetts’ incoming chief executive.

CanSolIndus_id1429
Lufft_id1410
GoIndustry (UK) Limited_id1446
PVcobra_id1394
Ingeteam_id1433