Free Republic

After being rescued from bankruptcy earlier this week, [Sungevity] fired more employees with no formal notice – and changed its name to Spectrum Solar.

WASHINGTON - Have you seen the latest development in President Obama's waste-ridden, clean energy program that's now under federal investigation at the U.S. Treasury Department? Three of the country's biggest residential solar panel installers -- SolarCity, SunRun and Sungevity -- have been subpoenaed by Treasury's Office of Inspector General for their financial records to determine if they had inflated the market value of their costs when they applied for federal reimbursement. The firms have reportedly received more than $500 million in federal grants and tax credits. Officials in two of them, Solar-City and SunRun, have been among some of Obama's...

And the probe doesn’t involve some bit players in an obscure program, either.  The 1603 Program was one of the centerpieces of Barack Obama’s 2009 stimulus, designed to subsidize a transition from hydrocarbon-based energy to renewables in the residential market, and federal government sunk $13 billion into the effort.  Now the Inspector General of Treasury has opened a probe of the three largest providers of solar panel installations, who gained the most from the 1603 Program, and who may have fraudulently calculated their bills in order to claim more taxpayer cash: Three of the country’s most prolific installers of...