Posted on 09/07/2011 2:04:16 PM PDT by mdittmar
WASHINGTON – The Obama administration said Wednesday it is providing a loan guarantee for a massive solar energy project that could double the number of glimmering solar panels on residential rooftops in the U.S.
The Energy Department said it provided a partial guarantee for a $344 million loan to San Mateo, Calif.-based SolarCity for the SolarStrong Project, which seeks to place solar panels on 160,000 homes across 124 military bases in 33 states.
"This is the largest domestic residential rooftop solar project in history," Energy Secretary Steven Chu said in a news release. "This groundbreaking project is expected to create hundreds of jobs for Americans and provide clean, renewable power to our military families."
SolarCity CEO Lyndon Rive said the company Already had started its first military base project under the program at Joint Base Pearl Harbor-Hickam in Hawaii. When fully installed, about 2,000 military homes will be powered by solar at the base.
"It is super important to get the guarantee from DOE, and because of this we can now provide clean power at a lower cost than regular power in 33 states," Rive told The Associated Press.
(Excerpt) Read more at old.news.yahoo.com ...
Pity the poor troops who have no chice about being used as Guniea Pigs
Bankruptcy Coiurt in 3, 2, ...
Bankruptcy Court in 3, 2, ...
Why stop at $20 million? Solyndra was what, $535 million in Federal loan guarantees? And in Massachusetts, Deval Patrick (Baby O, sorta), pushed through a $65 million dollar loan for the now bankrupt and moved to China Evergreen Solar.
This company is a scam,using our tax dollars.
...jobs in China, Spain and other foreign countries where most of the solar panels and hardware will be manufactured.
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