In the interest of trying to make better choices for consumers, Congress has been determined to legislate efficiency mandates for American homes and businesses since the late 1970s. The latest and much-awaited efficiency legislation is being reintroduced in the Senate tomorrow, with a House companion bill coming as early as …
Just what America needs: More taxpayer-funded green energy projects. The Department of Energy (DOE) and the U.S. Internal Revenue Service released plans to re-allocate more than $150 million in remaining manufacturing tax credits for “green” energy projects originally authorized by the 2009 American Recovery and Reinvestment Act (the stimulus bill), …
Recent filings by a customer of bankrupt solar panel manufacturer Abound Solar allege the company knew its panels were defective before the company collapsed last year, according to documents made public in the U.S. Bankruptcy Court in Delaware: Citing confidential documents, Green Choice Solar LLC says the Colorado-based Abound knew …
Colorado-based Abound Solar has been ordered to remove and bury in cement thousands of leftover solar panels “deemed unsellable” by the Colorado Department of Public Health and Environment (CDPHE). The company must also clean up other hazardous waste at a number of facilities statewide, according to the Northern Colorado Business …
Solar Mosaic, a solar microfinancing outfit that received a $2 million Department of Energy (DOE) grant last summer and exploits a 30 percent federal tax credit, officially launched its crowd-sourced investment platform last week. Acknowledging that the microfinancing (financial services for small projects or businesses) model employed by Solar Mosaic …
Claims that Chinese solar subsidies killed Abound Solar—and not faulty solar panels made by the company itself—are beginning to wear as thin as the solar panels they produced. A Denver news channel’s documents characterized the company’s solar panels as “low performance” and suffering from “catastrophic failures.” A Daily Caller report …
Michigan voters rejected a proposed state constitutional amendment last week that would have imposed a mandate requiring the state’s utilities to source 25 percent of their electric sales annually from renewable energy by 2025. Proposal 3, dubbed “25 by 25,” called for more renewable energy from wind, solar, biomass, and …
Despite more than $14 billion in cash payments to solar, wind, and other renewable energy project developers since 2009, just 48 terawatt hours of additional annual electricity generation were expected to be added through funds authorized by the stimulus, according to documents released by the Department of Treasury. The more …
Abound Solar, the now-bankrupt solar company and recipient of a $400 million Department of Energy loan guarantee, faces a three-pronged investigation from Weld County, CO, for alleged securities and consumer fraud, along with misleading financial institutions. The Denver Post reports: The securities-fraud investigation stems from allegations that “officials at Abound …
(Photo credit: Mary MacFarlane) A Colorado-based free-market think tank located in Denver challenged the state’s paper of record when it launched a media blitz that included a billboard (seen above) accusing the media outlet of ignoring one of the state’s largest green energy failures this year. Jon Caldara, president of …
