Latest from Industry News

Redwood Services
redwood
MEMPHIS, Tennessee — Redwood Services, an established home services firm focused on investing in leading HVAC, plumbing, and electrical services companies in growing...
May 27, 2025
Interplay Learning
interplay_learning_logo
Interplay Learning announces winners of 2025 Excellence Awards, recognizing exceptional use of training solutions to drive skill development and business success in skilled trades...
May 27, 2025
Hansen Super Techs
hansen_mothers_day
Hansen Super Techs surprises Janet Massey, a dedicated mother from Wilmer, Alabama, with a free A/C unit worth up to $10,000, highlighting their commitment to supporting the community...
May 22, 2025
187695414 © David Spates | Dreamstime.com
dreamstime_xxl_187695414_1_resized
In response to the industry shortage of R-454B cylinders, Rheem to increase the factory charge to minimize disruptions.
May 22, 2025
Malco Tools
Malco Tools celebrated its 75th anniversary during a ribbon-cutting ceremony on Saturday, May 17, 2025. Pictured, from left to right: The Malco Group CFO Mike Hemmesch, Wright County Commissioner Tina Diedrick, Annandale Mayor Shelly Jonas, The Malco Group CEO Rich Benninghoff, members of the founding Keymer family: Gerry, Dave and Paul Keymer, former Malco executive Don Schmidt, and The Malco Group director of engineering Greg Guse.
From its humble beginnings in a Minneapolis garage to becoming an employee-owned ESOP, Malco Tools has a legacy of innovation and commitment to creating an outstanding workplace...
May 21, 2025
ACCA
acca_logo
ACCA's R-454B Resource Center addresses challenges faced by HVACR contractors amid the refrigerant shortage. It offers FAQs, A2L refrigerant safety training, guidance from manufacturers...
May 21, 2025
58776150 © Apartura | Dreamstime.com
dreamstime_xxl_58776150
Warm Air Furnaces U.S. shipments of gas warm air furnaces for March 2025 changed +20.1 percent, to 298,639 units, compared to 248,582 units shipped in March 2024. Oil...
May 20, 2025
31351904 © Jeff Wasserman | Dreamstime.com
dreamstime_xxl_31351904
An in-depth look at the 2024 OSHA workplace safety violations, offering a comprehensive overview of the most cited federal standards.
May 20, 2025
Arkema
arkema_forane_resized
The expansion of Arkema’s portfolio through a commercial arrangement with Honeywell International Inc. will strengthen global supply chains, address increased demand for HFO blends...
May 19, 2025

Elon Musk, Warren Buffet Compete Over Solar Energy in Nevada

Federal subsidies help offset the price of initial installation.
Jan. 30, 2016
Image

A Warren Buffett company is in control of Nevada's legacy energy utility, while Elon Musk is behind SolarCity, a company that designs and installs solar systems for no money down, contingent upon a 20-year comittment.

Federal subsidies help offset the price of initial installation. Federal regulations also allow homeowners to sell back their excess energy to the grid. In Nevada, the power utility is required to buy that power back at the same rate they charge their cusomers -- which has utilities like Buffett's NV Energy lobbying for change.

From the article at Bloomberg Business:

All this has enraged independent, free-market, and environmentally conscious Nevadans. All day on Jan. 13 people enter the hearing room to give the sole commissioner an earful... employees from SolarCity and a competitor, Sunrun, explain that they’d been let go because the commission’s recent ruling killed their companies’ business in the state. Some of the roughly 18,000 customers who have already put solar panels on their roofs say the officials have rigged the game against the players. One homeowner threatens a $1 billion class-action lawsuit. Another compares NV Energy to King George III.

Read the full article on the Bloomberg Business website.

Sign up for Contracting Business Newsletters
Get the latest news and updates.