California Cuts Rooftop Solar Credits for Rentals, Schools (1)

California regulators voted to cut incentives for schools, apartment buildings and farmers to install rooftop solar panels, delivering another blow to an industry reeling from a slowdown in sales.

The California Public Utilities Commission agreed Thursday to cut payments to owners of non-residential buildings for energy produced from their solar panels. Apartment owners will also see their credits reduced for the solar used to power their common areas such as hallways and parking lots. Exceptions were made for some low-income housing. The changes apply only to new customers.

The decision is a setback for solar companies struggling with sagging sales ...