What Are SolarCity's Plans in Florida?
Elon Musk and SolarCity Corp (NASDAQ:SCTY) are looking to expand in Central Florida following the presidential election-day defeat of a state amendment that critics feared would have stifled solar energy expansion in the state.
The amendment would have limited the ability to allow solar companies to gain a foothold in the Sunshine State, detractors argued. Backers, of the amendment however, said that the electric utilities-backed initiative would target "unfair subsidies" for the solar power.
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Elon Musk and SolarCity Corp (NASDAQ:SCTY) are looking to expand in Central Florida following the presidential election-day defeat of a state amendment that critics feared would have stifled solar energy expansion in the state.
The amendment would have limited the ability to allow solar companies to gain a foothold in the Sunshine State, detractors argued. Backers, of the amendment however, said that the electric utilities-backed initiative would target "unfair subsidies" for the solar power.
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