(London Guardian) There are 36 solar panels sitting in a row behind Richard Stewart’s home in north Las Vegas. The panels cost about $40,000 – most of his savings, he said. He made the investment with his wife, who has since died, hoping to save money heating and cooling their high desert home. The retiree worried then, as retirees on fixed incomes often do, about rising energy costs.
Now he regrets the investment entirely. "I’ll be lucky to get my money back in 20 years," said Stewart, 69.
Although Nevada is one of the sunniest places in the world, there has recently been a dark cloud hovering over the rooftop solar industry in the state. Just before Christmas, Nevada’s public utility commission (PUC) gave the state’s only power company, NV Energy, permission to charge higher rates and fees to solar panel users – a move that immediately shattered the rooftop solar industry’s business model.
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