New Funding Models Kick-Starting Solar Energy Use

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Solar still makes up less than 1 percent of the country’s total electricity production today – rooftop solar makes up even less of that. Photo by Laura Flynn/New America Media/KALW Crosscurrents

By Laura FlynnNew America Media/KALW Crosscurrents

Fly low over California, and you’ll see a patchwork of black and shiny rooftops fitted – with solar panels. It didn’t always look like this. Just over a decade ago, there were fewer than 500 solar rooftops in the state. By last year, that jumped to over 160,000. Much of that growth has happened in just the past few years. It doesn’t stop there; national industry analysts say the solar sector grew by a third in just the first quarter of this year, with California leading the charge.

A few things are making solar more accessible, among them: cheaper panels, rebates, and new ways to for pay for them. Crowdfunding is among these new and creative ways to finance solar panels. Instead of paying tens of thousands of dollars to install solar, other people pitch in and get something in return. It’s like a Kickstarter for your electricity bill – and it’s a business model that allows people to participate directly in making solar happen. 

Read the complete story at New America Media.

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