Summer solstice

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Submitted by Aldrin on Wed, 07/07/2010 - 23:51.

Summer solstice an occasion to promote solar power for homes

Summer solstice 2010 is a turning point in the seasons and could be seen as one for solar energy as well. A California utility holding company chose the summer solstice, when the sun shines longer than any other day, to announce a $ 100 million fund to finance solar power systems for the home. The summer solstice is also being used by clean energy companies as an occasion to influence public attitudes about solar power as Congress debates climate and energy legislation.

Article Source: Clean energy firms choose summer solstice to promote solar power by Personal Money Store

Summer solstice solar energy financing

In PG & E’s summer solstice announcement, the company said the $ 100 million tax equity fund is the largest solar leasing pool yet. The New York Times reports that a growing interest in clean energy financing is underscored by PG &E’s summer solstice fund announcement. The summer solstice announcement follows PG& E’s creation of a $ 60 million tax-equity vehicle in January for SolarCity, a Silicon Valley company that also leases solar energy systems to homeowners. And in May, President Obama chose to deliver an address promoting the climate and energy bill at Solyndra, a clean energy company in northern California.

Solar energy for your home, hassle-free

Up to 3,500 homes in Arizona, California, Colorado, Massachusetts and New Jersey will have solar energy systems financed by the $ 100 million fund announced on the summer solstice. Hassle-free solar energy for homeowners is the main objective of the program. Instead of paying for the solar energy system, which can cost more than $ 30,000, homeowners sign a power purchase agreement with SunRun that fixes the cost of their monthly electricity payments for as many as 18 years. SunRun handles installation, retains ownership of the system and keeps it running.

Public opinion on solar power

The clean energy company Applied Materials chose the summer solstice to publish results of a survey finding that two-thirds of Americans believe solar power should play a greater role in meeting the country's energy needs. MarketWatch reports that according to the survey, three-quarters of Americans feel that increasing renewable energy and decreasing U.S. dependence on foreign oil are the country's top energy priorities. More findings from the sample of 1,000 people interviewed for the survey include that 67 percent have no problem paying more for their electricity if it comes from renewable energy, and 49 percent said more renewable energy was worth an extra $ 5 a month.

Additional information at these websites

green.blogs.nytimes.com