Antinuclear

The measures included making an additional $US1 billion ($1.4 billion) in loan guarantee authority available in an existing federal program for the kind of residential rooftop solar projects that have become popular in places like California.

But none of the announced measures would provide the impact on the solar industry of the Clean Power Plan, which was announced this month and requires states to cut carbon emissions by an average of 32 per cent. That plan provides strong incentives for much of those reductions to come from the development of renewable energy resources – exactly what executives at the conference in Nevada are looking to sell.

“We’re going to make it even easier for individual homeowners to put solar panels on their roof with no upfront cost,” President Barack Obama told the summit. “A lot of Americans are going solar and becoming more energy-efficient not because of tree huggers — although trees are important, just want you to know — but because they’re cost-cutters.

With the nation’s new electrical needs growing only modestly, renewable power executives are depending on electric utilities finally retiring their aging coal-fired power plants and replacing them with renewable power sources. That process is happening anyway, but the administration’s power plan is expected to accelerate it……..http://www.smh.com.au/environment/us-president-barack-obama-unveils-measures-to-encourage-solar-power-use-20150825-gj71e8.html#ixzz3jsRuU7g4