Posted: 2010-03-05
A recent purchase by electric and natural gas utility PECO could help produce enough solar energy to power nearly 1,000 homes for 10 years.
The Philadelphia-based company supported Pennsylvania's Alternative Energy Portfolio Standards by buying 80,000 solar energy credits. The solar panels would produce 6 megawatts and cover the size of about eight football fields, according to the report. PECO has already purchased more than 450,000 megawatt-hours in wind and other renewable energy credits...
Posted: 2010-03-04
In a hearing Tuesday, March 2, Colorado legislators listened as environmentalists released a report showing that HB 1001, which proposes raising the state’s renewable portfolio standard to 30 percent of energy from renewables by 2020, would stimulate the state’s economy by promoting the use of solar energy.
The report, Investing in the Sun, released by The Vote Solar Initiative in cooperation with Environment Colorado, showed that an additional 1,000 megawatts of distributed solar would supply enough clean, renewable energy to power 146,000 homes, provide more than 33,500 jobs, and generate more than $4 billion in direct and indirect revenue...
Posted: 2010-03-02
National power provider SolarCity recently announced $90 million in funding for commercial and residential projects with U.S. Bancorp Community Development Corporation.
The company will expand its solar lease and purchase power agreements to new states, allowing consumers to save money on installing and insuring new power systems. SolarCity offers customized design and installation, as well as repair, production and monitoring service for a monthly fee as low as $30...
Posted: 2010-02-18
The Solar Energies Industry Association marked the one-year anniversary of the American Recovery and Reinvestment Act Wednesday by noting development within the solar industry and setting priorities for the future.
"The purpose of the bill was to stimulate immediate job growth with a strong emphasis on clean energy technologies like solar," said SEIA President and CEO Rhone Resch, "And that is exactly what happened."..