New California Law to Jump-start Higher Energy Efficiency Standards

Recent mandates approved by California lawmakers are expected to require higher efficiency standards for buildings and more reliance on renewable energy, while drawing new investments and jump-starting wind and solar projects.

The guidelines are expected to draw new investment and jump-start wind and solar projects, benefiting many Bay Area companies. But industry insiders also say the burgeoning market still faces regulatory challenges ahead.

“The most important thing the businesses need is a market signal,” said Steve Chadima, director of California initiatives for the industry group Advanced Energy Economy. The new standards send a clear message to the sector, he said: “Continue hiring. Continue growing.”

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Date Posted: 9/23/2015