NV Energy gives Reno $1 million solar incentive
Utility officials presented the check to Mayor Bob Cashell before the Reno Bighorns basketball game.
NV Energy says the solar panels that convert sunlight into electricity will reduce the city's annual electricity consumption by about 420,000 kilowatt hours, and save about $55,000.
The incentive program was created by Nevada Legislature as a way to encourage investment in renewable energy. Homeowners, small businesses, schools and public buildings are eligible for payments that help offset the cost of installing solar panels.
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OPINION Rewiring Indian electricity
NEW DELHI - India's electricity industry is in a financial and political tangle.
Power producers sit on thousands of megawatts of underutilized plant, while consumers face frequent power cuts, both planned and unplanned.
Financially troubled generators struggle to escape insolvency proceedings. The state-owned banks that have mostly financed power utilities fear that debts of troubled utilities totaling 1.74 trillion rupees will soon go bad.
Aggressive bidding for supply contracts and slower-than-expected demand growth is the root cause. The problems are compounded by difficulties in securing coal and other fuels, high transmission losses, electricity theft and cash-starved distribution companies.
But India's 36 state and union…
