Financing Tools Aim to Expand Installations Of Solar Power in Low-Income Households

摘要

New financing tools aim to expand access to rooftop solar panels and energy-efficiency home improvements for low- and moderate-income households as part of a new White House initiative. The White House "Clean Energy Savings for All" initiative has a goal of installing 1 gigawatt (1,000 megawatts) of solar power in low- and moderate-income homes by 2020, according to a July 19 announcement. Also, the administration is making it easier for homeowners to use long-term borrowing to pay for solar panels and efficiency upgrades. "This is an approach that cuts across the government to try to take advantage of the fact that the cost of renewable technologies has come down dramatically during President Obama's tenure," Brian Deese, senior adviser to the president, said in a July 19 call with reporters. "We want to take advantage of that and encourage more homeowners to actually benefit directly from that dynamic."