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LIPA cuts subsidy for home solar-energy systems
Quick ReadOn Monday, LIPA cut the solar rebate to $1.75 per watt -- down from the $3.50 in place on Dec. 31.
Photo credit: Daniel Goodrich | Danny Volkomer of Green Logic installs a solar panel at the Peconic Bay Winery in Cutchogue. (July 27, 2010)
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THE Long Island Power Authority has once again cut its subsidy for home solar-energy systems - the fifth such reduction this year, slicing LIPA's rebate in half since December.
The reduction, which LIPA says is the result of lower system costs, popular response and a depleted solar budget, brings the rebate to its lowest level since the program started in 2000.
On Monday, LIPA cut the...
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