*By Alisha Haridasani*
California, the state most aggressively pursuing clean energy policies, became the first in the country to require almost all new homes have solar panels.
The new rule, adopted by the California Energy Commission on Wednesday, will apply to all residential buildings up to three stories tall built after January 1, 2020.
This change in the building code is expected to add around [$10,000](http://www.energy.ca.gov/title24/2019standards/documents/2018_Title_24_2019_Residential_Standards.pdf) to the cost of a new home. But the commission [estimated](http://www.energy.ca.gov/releases/2018_releases/2018-05-09_building_standards_adopted_nr.html) the panels could save home owners around $80 a month on utility bills, and will slash greenhouse gas emissions “by an amount equivalent to taking 115,000 fossil fuel cars off the road.”
The requirement is part of California’s push to get half the state's electricity from renewable sources by 2030. The state already relies on renewables for around 25 percent of its electricity, and it is expected to rise to around 33 percent by 2020.
The California Building Standards Commission must formally adopt the rule, which it is expected to do, said Mark Kaufman, Mashable’s science reporter. “California is really keen on solar, just like Texas is really keen on wind,” Kaufman said.
Shares of solar companies, such as SunRun and First Solar, rallied on Thursday.
API platform RapidAPI recently became a unicorn with a $1 billion valuation after raising $150 million in a Series D funding round led by Softbank Vision Two Fund. Microsoft's Venture Fund, M12, and Andreessen Horowitz also participated. RapidAPI says it provides the world's largest API hub which enables millions of developers and companies to build software faster. Iddo Gino, founder and CEO of RapidAPI, joins Cheddar News' Closing Bell to discuss.
Facebook parent Meta officially has changed it’s ticker symbol from ‘FB’ to ‘META’. Paul Meeks, a portfolio manager, Independent Solutions Wealth Management, and a professor of practice in the Baker School of Business at The Citadel, joined Cheddar News to discuss why the tech giant has had to make big changes to its name, its ticker, and its business plans. "When you see what's happening in digital advertising — and there was a slowdown there even before the threat of a recession, which could cause a even more drastic slowdown next year — they had to pivot," he said. Meeks noted he sees Facebook dominating in the metaverse space going forward — whatever that may end up being.
In a recent Bumble survey, more than a third of respondents revealed that they would be willing to date people in other cities. Shan Boodram, a sex and relationships expert for the app, joined Cheddar News to talk about the long-distance dating trend and tips on how to go about taking part. "I think this is the magic of what we experienced over the past couple of years, is that we have already learned the tools necessary to stay connected with people despite not being able to be close to them," she noted. Boodram also pointed to Bumble's travel mode and using video conferencing in order to ease into such relationships.
On this episode of Cheddar Innovates: CEO of Achieve Life Sciences discusses a new plant-based compound that's being used to fight nicotine addiction; President & CEO OF DiaMedica Therapeutics explains a new ischemic stroke treatment option that expands the window for effective therapy for stroke patients; Cheddar gets a look at Curiosity Stream's 'Asteroid Rush.'
