Largest Residential Solar Photovoltaic Project in U.S. History
From November 30, 2011, By Wendy Koch, USA TODAY
New developments in solar panels
and solar technology implementation means good news for the U.S. solar and alternative energy market.
SolarCity, a solar company based in California, announced to the press that it has put together enough private financing to begin a massive undertaking. What might that be? Nothing less than the single largest residential solar panel project in the country’s history. So large, in fact, that the photovoltaic project is expected to power as many as 120,000 housing units for the military.
The backstory is interesting, given that last year, SolarCity was in the market for as much as a $1 billion dollar loan guarantee from the U.S. Department of Energy. And all this in the wake of problems with the now-bankrupt and entirely controversial solar company Solyndra. The five year plan in the hands of SolarCity was geared toward owning and operating rooftop solar panels for several privatized military housing communities across the nation. Though the Dept. of Energy did offer a conditional agreement, the players at the table couldn’t finalize a deal before the 1705 program expired at the end of September. Continue reading
Renewable Energy and Energy Efficiency Measures Make Positive Environmental Impacts
Solar Panels - Cost Effective Renewable Energy
With rising energy costs and growing demand for sustainable alternatives to coal and nuclear power, governments, businesses and individuals are looking to renewable energy and energy efficiency for a solution. Incentives in a number of countries have helped drive the implementation and advancement of renewable energy technologies as well as energy conservation measures.
Here in the U.S., federal tax credits of up to 30% of cost for renewable energy systems substantially reduce the tax liability of system owners and encourage investment. In the United Kingdom, a feed in tariff program has been implemented to increase the return on investment of renewable energy measures.
Both of these incentives are cost-based–designed to reward purchasers according to the price of each system in order to level the playing field to some extent and not show favoritism to a particular industry cluster or technology. However, solar panels are currently one of the most financially advantageous option in the UK, while in the US they remain one of the most expensive. Continue reading