Feds to troll SolarCity books while company seeks another $14.6M

By   /  April 7, 2014  /  California, Energy, Environmental, Featured, National, News, Stimulus  /  No Comments

WE WERE GYPPED: Installation and leasing companies owned by SolarCity say the feds owe them $14 million.

By Eric Boehm and Tori Richards | Watchdog.org
Federal investigators will spend the next year going through the books of two solar-energy companies tied to billionaire Elon Musk in an effort to show the businesses overvalued sales contracts in order to claim millions in federal assistance.
 
The government action comes in response to a lawsuit brought by the two [...]

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Solar industry could face disaster as lawmakers seek end to tax credits

By   /  March 26, 2014  /  California, Energy, Environment, Environmental, Iowa, Kansas, National, News  /  No Comments

A THING OF THE PAST? Solar tax breaks could go the way of the dinosaur if a powerful congressman has his way.

 
By Bruce Parker and Tori Richards | Watchdog.org 
A pair of U.S. House bills ask for an end to tax credits responsible for creating and propping up the American solar energy industry.
House Ways and Means Committee Chairman Dave Camp, a Michigan Republican, proposes an end to the federal giveaways. Fellow GOP Congressman Mike Pompeo of Kansas [...]

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SolarCity $166 million in the red after losing $55 million in 2013

By   /  March 20, 2014  /  California, Energy, Environmental, National, News, Stimulus, Technology  /  No Comments

LET THE SUN SHINE IN:

By Eric Boehm and Tori Richards  | Watchdog.org
SolarCity, a California-based solar energy firm backed by hundreds of millions in federal grants and loans, posted $55 million in losses during 2013 and is running a deficit of more than $166 million, according to an annual financial report released this week.
Still, company officials say the future is [...]

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CA senator sues Obamacare exchange for causing policy cancellations of 1M

By   /  March 5, 2014  /  Affordable Care Act, California, National, News, Obamacare  /  No Comments

Ted Gaines

A California senator has sued his state’s Obamacare exchange for causing the cancellation of more than a million policies and spending tax dollars in an “irrational, unreasonable and abusive” way, such as a lurid Richard Simmons video.

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SolarCity skyrocketing stock dependent on government tax giveaways

By   /  March 3, 2014  /  Energy, Environmental, National, News, Taxes, Technology  /  No Comments

AP file photo

By Tori Richards and Eric Boehm | Watchdog.org
These are boom times for SolarCity, the solar energy company backed by libertarian-leaning entrepreneur Elon Musk.
The company’s stock, initially offered at $8 a share in December 2012, is trading around $82 a share early Monday. And in a shareholder’s meeting last week, company officials said they’re bullish on [...]

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