Is Focus on Bigger Projects Holding Solar Back in the U.S.?

Is Focus on Bigger Projects Holding Solar Back in the U.S.?

Date: 2 Nov 2010 | posted in: Energy, Energy Self Reliant States | 0 Facebooktwitterredditmail

An article in the New York Times last week suggested that a dearth of financing is holding back solar power in the United States. In particular, the authors note that “the country needs to build large plants covering hundreds of acres,” projects that can cost $1 billion. These large solar projects are languishing without financing, they assert, in part because of the lengthy process to claim federal government loan guarantees and because “Bankers generally prefer smaller, less risky projects and shorter-term loans than the 20-year terms solar plants typically need.”

Read the full story over at our Energy Self Reliant States web site. 

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John Farrell
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John Farrell

John Farrell directs the Energy Democracy initiative at the Institute for Local Self-Reliance and he develops tools that allow communities to take charge of their energy future, and pursue the maximum economic benefits of the transition to 100% renewable power.