California's Solar Initiative - the state's rebate program for solar installations - has funded enough projects to generate just over 1 gigawatt of electricity. One GW is equivalent to 1,000 megawatts of solar energy, enough to power more than 200,000 homes, The Energy Collective reported.
As of the end of 2012, there were 1,066 MW of installed solar energy in California, the article stated. The solar initiative program began in 2007 and offered cash rebates to homeowners and businesses in California who installed solar panels.
“California has the most customer-side solar installations of any state in the nation,” said Michael Peevey, president of the California Public Utilities Commission (CPUC), according to the source. “This is a tremendous milestone for California and a testament to the success of the California State Initiative.”
The program's original goal was to fund enough solar projects to generate 1,940 MW by the end of 2017. However, the San Francisco Chronicle reported that goal will likely be met by 2016.
"It's one of the few examples of a program where, if anything, we're hitting the goals sooner than anticipated," said Edward Randolph, director of the energy division at the CPUC, according to the Chronicle.