*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.
The 2022 NBA playoffs are intensifying as four teams vie for an NBA finals berth. Tonight, Stephen Curry and the Golden State Warriors can book their finals ticket with a win over the Dallas Mavericks, while Miami will be feeling the 'heat' tomorrow night, facing elimination against the Boston Celtics.
And with the growing popularity of sports betting, the NBA playoffs offers a potential money-making opportunity for fans. Trysta Krick, host of BetMGM Tonight, joins Cheddar News' Closing Bell to discuss.
Snap stock saw the worst day ever after a large drop in price on Tuesday following warnings of revenue and earnings slowdown. This trend caught on with other social and digital media stocks due to fears that brands heavily relying on advertising get hit with the same inflation struggles. However, some analysts note that Snap may be a unique case due to a rapid, possibly unsustainable, expansion leading to the current grim forecast.
From Meta’s Oculus to PlayStation’s VR headsets, Cheddar News anchors Ken Bufa and Kristen Scholer cover the potential for this tech in Cheddar Connected as more heavy hitters like Apple look to take the stage.
Umbilical cord blood banking platform Anja Health raised $4.5 million dollars in a seed round led by Seven Seven Six, a venture capital firm founded by Reddit co-founder Alexis Ohanian. Anja Health offers a personalized, doctor-backed cord blood bank, which lets new parents freeze stem cells from their child's umbilical cord so they can be used to treat diseases in the future. It's a process Anja has called 'Hollywood's best-kept secret,' as celebrities like Kylie Jenner, Serena Williams, and more have all banked their umbilical cord blood. Kathryn Cross, the founder of Anja Health, joins Cheddar News' Closing Bell to discuss.
