Free Republic
Browse · Search
News/Activism
Topics · Post Article

MORE "....SolarCity said it might use a part of the proceeds from the offering to expand its current business through acquisitions or investments in other complementary strategic businesses, products or technologies.

It said, however, that reductions in or eliminations of government incentives for solar power could hurt its results and its ability to compete.

In addition, SolarCity said it was notified this month that the Internal Revenue Service is conducting audits of two of its investment funds, including a review of the solar installations that applied for a popular government cash grant program.

"If ... the [IRS] determines that the valuations were incorrect and that our investment funds received U.S. Treasury grants in excess of the amounts to which they were entitled, we could be subject to tax liabilities, including interest and penalties, and we could be required to make indemnity payments to the fund investors," the company said in the SEC filing.....

Other cleantech companies....cancelled IPO plans at the last minute earlier this year...."

2 posted on 10/09/2012 8:16:31 AM PDT by Cincinatus' Wife
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Cincinatus' Wife

Oh, Elon Musk. They must mean the HUGE uncle obie bundler. As far as “SolarCity”, sounds like a major control program over everything you do with the power you pay for. They provide it, you pay for it, they control how much you are allowed to use. Sounds like a real good idear. NOT! Hate the smart meter on the gas and electric but, too bad for me. I can’t generate enough of my own energy to cover everything.


4 posted on 10/09/2012 8:26:27 AM PDT by rktman
[ Post Reply | Private Reply | To 2 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson