New Solar Incentive Cuts PV Cost In Half

LADWP's goal is to install 100 megawatts, or 100,000 solar systems by 2010 within its territory.

Published: 29-Dec-2001

LOS ANGELES, California -- The power utility in Los Angeles will offer the highest financial incentive for California customers to install new solar systems.

Under the revised Solar Incentive Program of the Los Angeles Department of Water & Power, the purchase price of PV systems will drop by half or more for participating customers. These high incentives will be in place until the end of 2002.

"By lowering prices further, we're hoping to encourage even more customers to participate in this program," says general manager David Wiggs. "It's important to remember that any power produced by these solar systems reduces the load on LADWP's power plants, which benefits all Californians."

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