State's Residential Solar Investment Program Off to Fast Start
/The Clean Energy Finance and Investment Authority (CEFIA) has announced that one month in to a new Residential Solar Investment Program (Program) it has already approved 126 applications for installations of photovoltaic rooftop systems. Bryan Garcia, President of CEFIA said, “The initial response to our new program has been dramatic, demonstrating strong public interest in solar power and the dynamic nature of our state’s solar industry. We will be providing approximately $1.4 million in funding for these first 126 installations leveraging $2.8 million of additional private capital, which will produce more than 800 kW of new residential solar capacity.” Garcia noted that more than one-third of the 70 approved installation companies in CEFIA’s program have been involved in submitting the initial applications for the solar installations.