Solar Energy

Musk’s SolarCity To Pay $29.5 Million To Settle Federal Probe

The settlement is not an admission of guilt

SolarCity, a company acquired by Tesla last fall, has agreed to pay the U.S. Treasury $29.5 million to resolve allegations that it lied to the federal government and overinflated its costs to receive higher stimulus funds than it deserved, the Justice Department announced Friday.

Political Power Boosts Controversial Green Energy Financing Scheme

How the Obama WH, a Dem mega-donor, and the green energy industry could be inflating a credit bubble

solar panelsAs an innovative but controversial green energy financing mechanism picks up steam, hacked communications from a former White House official provide previously unreported insight into the confluence of public policy, private investment, and political money that helped fuel its rise.

Pelosi’s Husband Invested in Solar Firm Weeks Before Lucrative Expansion

SunEdison is now eyeing bankruptcy, but Paul Pelosi invested right before a 2014 stock rally

Nancy Pelosi, Paul PelosiHouse Democratic Leader Nancy Pelosi’s husband bought up to a quarter million dollars of stock in a now financially troubled green energy company just weeks before it announced a major 2014 acquisition that sent stock prices soaring, public records show.

Energy Subsidies Generate Financial ‘Green Bubble’

Taxpayers propping up fiscally dubious solar power installations

Private solar leasing companies are renting solar panels to homeowners at high costs while also receiving millions of dollars in taxpayer subsidies, a combination that could create a financial bubble similar to the 2007 housing market crash, according to a new report.