Obama’s New Energy Initiative Another Win for Solar
The White House announced a truly groundbreaking initiative Tuesday called the Clean Energy Savings for All Americans. This program aims to increase access to solar energy across communities of all income levels and geographies, so that no matter where you live, if you have a sunny roof, you have the chance to go solar. And the administration did so by providing a bevy of options that move renewables and solar forward significantly.
The array of initiative components culminates in a goal of providing one gigawatt of solar for low to middle-income households by 2020. And chief among the announcements is the issuance of new guidance for property-assessed clean energy (PACE) financing that will allow mortgage insurance to now be issued by the Federal Housing Administration and the Veterans Administration, rather than through the Federal National Mortgage Association and the Federal Home Loan Mortgage Association, which ran into roadblocks with PACE loans six years ago.
Cutting through the alphabet soup of federal agencies, the bottom line is that more Americans will now be able to choose solar and private industry can seize the opportunity to build more solar systems. Read More…