For America’s solar energy industry, this is like getting a triple-A investment rating from Moody’s or Standard and Poor’s. Solar has become a ‘street-smart’ investment. These companies are expanding their use of solar because it makes sense from both a business and social responsibility viewpoint. Having worked closely with both the Administration and the private sector to increase the use of clean, reliable solar nationwide, SEIA applauds this exciting, new initiative, and we look forward to assisting commercial businesses, homebuilders, rural coops, governmental entities and America’s financial community in bringing these new solar installations online.
This bold initiative is part of a solar boom in America which is already taking place. Today, more than 30 utility-scale, clean energy projects are under construction, putting thousands of electricians, steelworkers and laborers to work, while helping to reduce dangerous carbon emissions. These facilities, along with rooftop solar on homes, businesses and schools, will help to generate clean, abundant energy for generations to come. What’s more, innovative solar heating and cooling systems are offering American consumers, businesses and schools cost-efficient, effective options for meeting their energy needs, in addition to reducing our nation’s overall energy consumption.
Here’s a breakdown on the commitments announced today:
27 multi-family and low income builders
30 homebuilders and home improvement leaders
199 rural electrical co-ops in 27 states
Ten commercial companies, including Walmart, Yahoo, Google, Apple, Ikea, Kaiser Permanente, Clif Bar, Viridity Energy, Bonipak farms and Taylor Farms.
Four financial institutions, including Citi and Goldman Sachs, have pledged to invest in solar and renewable energy programs.
President Obama also highlighted several executive actions, including:
The Department of Energy will expand a program that supports solar- sector job training at community colleges. The program will help 50,000 workers enter the industry.
The General Services Administration will expand the federal government procurement of solar and will provide innovative financing for solar deployment. This is the first step toward government-wide third party ownership as a mechanism for financing solar
The Treasury Department and the Internal Revenue Service will clarify “how rules regarding real property relate to renewable energy installations.”
Finally, the President also announced that the White House has now gone “live” with the 6.3kW system on the White House. After 6 years of lobbying the administration, we are thrilled that they have finalized the installation and that solar is once again back on the White House.