Nevada has turned into a sunny battleground for the future of solar in the U.S., with regulators there moving to make solar power less attractive to homeowners and businesses and pitching utilities against solar-power companies.
SunRun Inc. RUN, +6.62% on Thursday said it was pulling out of Nevada, which the company said will result in “hundreds” of job losses. A day earlier, SolarCity Corp. SCTY, +2.78% announced the same move, saying that about 550 jobs would be lost.
The Solar Energy Industries Association estimates that nearly 6,000 people in Nevada are employed in the solar industry. Besides affecting jobs, the new rules cut down on the savings that many homeowners count on from going solar.
Continue reading: Is this sunny state trying to kill solar power?