That said, the EMT cplg on PVC is not an approved use of an EMT cplg. The clamp on the rebar looks like a pipe clamp, and not an approved connector. The stub-up rebar is not acceptable here.
Our POCO would not accept the meter recessed within the wall, nor would they accept the unmetered service conductors within the wall.
I guess that padding out the wall to 2x6 framing would not have been an option?