By Silvio Marcacci, Communications Director at Energy Innovation
Published by Forbes
Residential rooftop solar projects in the U.S. have historically been installed on wealthier, single-family households, meaning companies typically target higher-income households with their marketing efforts. Residential solar installations continue to grow across the country, but this focus is overlooking a massive growth opportunity: Low-to-moderate income (LMI) households.
A new first-of-its-kind report from the National Renewable Energy Laboratory (NREL) finds nearly half of all U.S. residential rooftop solar technical potential is on LMI households, and LMI solar capacity could total 320 gigawatts (GW) of potential solar installations across America.
Read more here.
Photo Credit: U.S. Department of Energy
MORE RENEWABLE ENERGY NEWS
- How to Buy a Wind Farm: One family office did it. Now you can too, Bloomberg
Operating wind and solar farms typically benefit from long-term contracts with investment-grade utilities. They tend to perform well, so there’s a high probability of steady, decades long revenue. It’s the type of investment that’s now attracting institutional investors such as pension funds and insurers.
- Amherst, Hampshire, Smith join college solar energy collaborative, Massachusetts Live
AMHERST – Five New England liberal arts colleges have joined together to create a solar power facility that will offset 46,000 megawatt-hours of their collective electrical use. The partnership represents the first collaborative purchase of New England-generated solar electricity by higher-education institutions, according to a press release.
- Tech firms like Google, Amazon push power companies toward solar and wind, a blow to coal, USA Today. Since 2008, renewable energy has gone from 9% to 18% of the U.S. energy mix, according to the Business Council for Sustainable Energy. A big part of that shift stems from tech companies’ rapid buildout of cloud storage centers and a move to burnish their public image by vowing they’ll run these centers on sources like wind and solar. Rather than lose these deep-pocketed customers, the nation’s power companies are changing policies and crafting deals that meet increased demands for renewable energy, in some cases shifting away from traditional electricity supplies like coal and natural gas. Even in coal mining states like West Virginia . . . Today, corporate America is happy to throw its weight around, said Bryn Baker, the World Wildlife Fund’s deputy director of renewable energy. “Companies are coming in and saying, ‘If you want us to be here, you have to give us access to clean energy.’”
NEWS FROM ILLINOIS
- Getting solar power in Illinois beyond FEJA, PV Magazine
Illinois’s solar market under the Future Energy Jobs Act is just getting started, but a business group is calling for the next governor and state legislature to provide less restriction and more action in community and distributed solar programs.
- Solar farms set to sprout across Illinois, Chicago Tribune
Drawn by new state requirements and incentives, renewable energy developers are staking out turf on the rural fringes of the Chicago area and beyond, looking to build dozens of solar farms to feed the electric grids of Commonwealth Edison and other utilities. Illinois plans to add 2,800 megawatts of new solar energy over the next few years.