PG&E Launches Renewable Energy Self-Generation Incentive Program

Solar Neighborhood

Early in May, Pacific Gas and Electric Company, or PG&E, announced that it would devote $240 million to helping customers buy into renewable energy technologies, renewable energy storage, and peripheral technologies.

The program was developed by the state legislature and the state’s utility watchdog, and will be administered by California’s energy companies – a move that would be similar to setting a fox to watch a henhouse were it not for the watchdog California Public Utilities Commission (CPUC).

Vivint offers the security of residential solar financing

Vivint Solar

Vivint, which has roots in home security services, entered the residential solar market with its Vivint Solar arm and a $75 million tax equity fund through US Bancorp (NYSE: USB).

The company offers a portfolio of services, including home energy management and automation. With this offering it’s targeting electric bill savings of roughly 20 percent a month through 20 year power-purchase agreements (PPAs).