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Page added on November 29, 2008

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LA Pursues Solar Power Plan, Critics Question Costs

SAN FRANCISCO -(Dow Jones)- The city of Los Angeles plans to develop and sign contracts for 1,280 megawatts of solar power generation by 2020, but critics question the cost of the plan.

The city-owned utility, Los Angeles Department of Water & Power, plans to install 130 MW of rooftop solar panels on city homes by 2016 and develop 400 MW of commercial and industrial rooftop solar generation by 2014, the city said. The 400-MW piece of the plan would cost $3 billion, but that amount could be reduced by as much as two-thirds if federal tax subsidies, accelerated depreciation and volume discounts are factored in, the city said.

The city hasn’t released details for how much the larger plan would cost, or how it would be carried out, and details on the 400-MW component are slim, leading to criticism of the plan.

CNN Money



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