Nevada's latest jobs-reduction initiative appears to be working just fine.
Here, MarketWatch correspondent Claudia Assis reports that SunRun Inc. will follow suit with SolarCity in its plans to exit Nevada as regulators in the state move to make solar power less attractive to homeowners and businesses, and pitch public utilities against solar-power companies. Assis taps perspective from Shayle Kann, a senior vp at consultancy GTM Research:
It’s hard to say what the implications are for the broader U.S. solar market, Kann said. Each state has its own web of regulations, but the decision “certainly puts Nevada on the map as the major solar state with the most drastic solar compensation revision, and you can imagine utilities and regulators in other states at least taking notice,” Kann said.