Hot commodity: PG&E solar cash

 

The rush is on to get rebates on solar installations, with Pacific Gas & Electric Co. receiving applications for nearly half the cash available under a 10-year state program within its first four months.

Passed in January, the California Solar Initiative provides $2.8 billion in rebates with the goal of creating a self-supporting solar industry in California by 2017. The rebates decline in 10 steps as more solar power is produced -- so the more megawatts installed, the more quickly rebates decline.

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