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, SolarCity and SunRun, have been among some of Mr. Obama’s most generous campaign donors.
The money these companies tapped into flowed from a $13 billion investment fund at Treasury that came from the president’s economic stimulus program, which has poured huge sums of money into clean-energy programs across the country.