The deal, which SolarCity's board of directors has yet to vote on, would create a vertically-integrated clean energy company offering products from electric vehicles to battery storage and rooftop solar.
The U.S. Environmental Protection Agency outlined a voluntary program designed to incentivize states to establish energy efficiency and renewables projects.
With electricity prices rising, storage costs falling and solar incentives phasing out, the stage could be set for significant load defection in Australia as consumers increasingly deploy their own batteries and PV.
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