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California Solar Market Cloudy
California Energy Commission has published data that show slumping figures in the state's number of applications for solar energy rebates in the new housing sector. There were three hundred applications in the first two months of 2009, as opposed to twelve hundred applications in the last two months of 2008.
Experts from the Commission have made a loose connection between the failing housing market and the burgeoning solar market. The California Solar Initiative is run by the state Public Utilities Commission and inspired by Governor Schwartzenegger (R), The rebate program was begun in 2007, and through out that time the California housing market has seen the average price for a home fall from over $400,000 to under $300,000, from December 2007 to December 2008. These numbers are from the California Association of Realtors. The new home construction has been halved as a result of the falling market prices, according to the California Building Industry Association.
A larger trend may be evident from the lower number of applications, as the rebate program allows for 36 months to complete the solar project from the time the application is granted. What this suggests is that the pessimism about the future of the housing ... more
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