President Barack Obama wants to make it easier for Americans to install rooftop solar panels, adopt energy-saving technologies and reduce their reliance on coal-fired power. The president on Monday evening will announce a series of initiatives to make clean energy more accessible and affordable for U.S. homeowners and businesses.
Obama’s announcements Monday aim to continue that shift by enabling more Americans to invest in clean energy systems, the White House said. The president will expand the Department of Energy’s loan guarantee program for distributed energy projects, including rooftop solar panels, energy storage and smart grid technology. The agency will add $1 billion in additional loan guarantee authority, bringing the distributed project program to $11 billion.
In the United States, solar, wind, geothermal and biomass power together supply 70 percent more electricity generation than they did a decade earlier. Renewables still account for only a sliver of the country’s energy needs, supplying just 7 percent of total electricity generation in 2014, the U.S. Energy Information Administration estimates. This year, 91 percent of all new electric grid capacity will come from natural gas, solar.
- [Editor:tianyawei]
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