Clovis News

Local business briefs: Valley home solar soars

Clovis, Visalia and Fresno are among the 10 fastest-growing California markets for home solar power systems through the first part of 2012.

PV Solar Report, which tracks data on the solar industry, reports that the number of reservations for state rebates on new solar-power systems in Clovis rose from 64 in the first five months of 2011 to 211 in the same period of 2012 -- an increase of 229% and ranking fourth among the state's top 25 solar markets.

In Visalia, reservations rose from 43 in early 2011 to 122 through May 2012, a 183.7% growth rate, good for seventh in the state. Fresno's reservations grew from 117 in the first five months of 2011 to 302 in early 2012, or 158.1%.

Third-party solar systems in which solar companies own the rooftop systems while customers pay a lower fixed power rate for 20 years without high up-front purchase and installation costs account for most of the growth of solar in California, according to the report.

Premier will pay dividend

Premier Valley Bank will pay its stock owners a cash dividend for the eighth consecutive quarter based on the bank's financial performance so far this year.

The Fresno-based bank's board of directors authorized the 6-cents-per-share dividend, which will be paid July 13 to shareholders who own stock as of July 2. The bank also paid a dividend of 6 cents after the first quarter of the year.

The dividend is estimated to cost the bank about $769,000, based on the recent stock price.