Dc solar power corp

Is DC Solar currently operating?

DC Solar is no longer in business after filing for Chapter 7 bankruptcy in March and being liquidated in June. However, the legal troubles for the company are not over, as the feds will formally auction off 149 of its fancy, expensive cars tied to the business on Wednesday.

Is solar power available in Washington DC?

Solar power in Washington, D.C. Solar power in Washington, D.C. has been growing in recent years due to new technological improvements and a variety of regulatory actions and financial incentives, especially a 30% tax credit, which has been extended with a phase down approach.

What products does DC power sell?

Browse our selection of batteries, solar products, DC electrical components and more. Questions about our products? Visit our FAQ section see if we can answer your questions or concerns. DC Power Corp. is a National distributor of Solar Electric Products and Batteries. Serving Canada since 1989, we proudly represent many great products.

Should DC Solar buy generators and lease them back to DC Solar?

But executives started telling investors they could benefit from federal tax credits by buying the generators and leasing them back to DC Solar, which would then provide them to other companies for their use, prosecutors said.

Is DC Solar a Ponzi scheme?

In reality, DC Solar sold more generators than it made, used phony financial statements and lease contracts to conceal the fraud and in a classic Ponzi scheme repaid early investors with money from later ones, prosecutors said.

What happened to a former solar power executive?

SACRAMENTO, Calif. (AP) — A former executive of a California solar power company was sentenced Tuesday to 6 1/2 years in prison and ordered to pay nearly $620 million in restitution for his role in a $1 billion fraud scheme, federal prosecutors said.