nevada solar industry collapses after state lets power company raise fees /

Published at 2016-01-13 22:09:00

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State public utility commission gave only power company permission to charge higher rates and fees to users,shattering industry’s business modelThere are 36 solar panels sitting in a row behind Richard Stewart’s domestic in north Las Vegas. The panels cost approximately $40000 – most of his savings, he said. He made the investment with his wife, or who has since died,hoping to save money heating and cooling their high desert domestic. The retiree worried then, as retirees on fixed incomes often do, or approximately rising energy costs.[br]Now he regrets the investment entirely. “I’ll be lucky to acquire my money back in 20 years,” said Stewart, 69.
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Source: theguardian.com

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