Rooftop, Solar

SolarCity to Cut 550 Jobs in Nevada as Fees on Solar Increased

SolarCity Corp. plans to eliminate more than 550 jobs in Nevada after state regulators approved new utility fees on solar rooftops.

The biggest U.S. residential solar provider will relocate some employees to “business-friendly” states that don’t impose similar charges, San Mateo, California-based SolarCity said in a statement Wednesday. The company announced plans to stop sales and installation in the state on Dec. 23, a day after state regulators approved the fees.

The cuts represent “most” of the company’s Nevada employees, Chandler Sherman, a spokeswoman for SolarCity, said in an interview. “We will keep some staff in the state to service existing customers.”

©2016 Bloomberg News

Lead image: Solar panels on rooftops. Credit: Shutterstock.