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The General Electric company has announced plans to scrap a $300 million solar panel factory in Aurora, Colorado. The facility would have been the largest of its kind in the country.
GE had earlier suspended work on the project, amid falling prices and a rising inventory of solar panels.
Meanwhile, more and more utility companies around the country are asking regulators to reconsider an incentive program that’s encouraged many people to invest thousands of dollars in rooftop solar electric systems.
Colorado’s Xcel Energy, an electric and natural gas company, provides energy to customers in Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.