As of this writing, Obama’s Solar Initiative of 2016 is one of the regulations that will be carried on in Trump’s administration. Obama’s Solar Initiative aims to provide low and middle-income homeowners and renters access to this lucrative source of energy. But how the people will benefit is the question.
A look into Obama’s Solar Initiative
Released on July 7, 2015, the fact sheet is about ‘the actions of the federal government to scale up solar access and cut energy bills in communities across America.’ The steps were taken in conjunction with President Obama’s goal to tackle climate change at the national level.
Furthermore, the basis of Obama’s Solar Initiative is a long-standing dilemma faced by the general public. While the installation of solar panels in Tucson and other cities is not as expensive as it was a decade ago, still, only the wealthiest households can afford it. According to the report published by the George Washington University Solar Institute, only 5% of the total number of homes with solar panels is earning $40,000 or less. This is true despite the fact that solar firms in the US offer loans and leases to homeowners.
How the Initiative may help the people
Fundamentally, Obama’s Solar Initiative targets the households who otherwise have no or limited access to solar energy, making solar more accessible to various communities. Obama’s Solar Initiative specifically covers subsidized housing. Low- to middle-income households face financial barriers when it comes to going solar, and Tucson solar installers can only do so much.
Obama’s Solar Initiative also aims to extend federal-insured solar panel system loans to these homes. Such households are using a lesser amount of electricity compared to higher-income households. So basic solar installation can cover at least 90% of a household’s energy demands.
Such an initiative provides lower-income families with an opportunity to reduce their electricity costs. If implemented properly, Obama’s Solar Initiative will be instrumental in making the quality of life of poor Americans much better. There might be some remarkable shifts in their spending patterns including devoting a portion of their income on equally important things such as children’s education and retirement. For instance, for households with insufficient income, a $10 to $20 savings on their electricity bills could mean a lot.
In sum, Obama’s Solar Initiative is the White House’s commitment to making the US a greener country. It is the federal government’s holistic approach to include all the stakeholders. Administrative actions are centered towards making solar accessible to as many communities as possible, and if it means targeting each American household, then so be it.