There will be a series of actions and agreements that will be released soon regarding the advancement of solar power and energy by none other than President Obama as Think Progress has reported. This is a part of his pledge to handle climate change without a gridlocked Congress. In his statement, a massive initiative with an increase of 850 megawatt in solar power will be deployed. This amount is estimated to power about 130,000 homes. This amazing amount of energy will also lead to more than $2 billion in energy efficiency investments in federal buildings and $26 billion in savings on electricity bills of private businesses and of course a massive decrease in pollution of about 380 metric tons in carbon pollution. Experts say that if this idea pushes through, this will be like removing 80 million cars off the road for an equivalent of a year.
This proposal to be led by the president will have several key features. First, it seeks about 300 businesses to commit to the use of solar power. On the day of the President’s announcement, he will be at Walmart in Mountain View, CA; Walmart has agreed to increase its onsite solar energy use by 2020. Other companies that will follow suit are Yahoo, Google, Home Depot, Ikea and Goldman Sachs. Another important part of his proposal is the expansion of the Federal Housing Administration of its Green Preservation Plus program which is about affordable housing with energy efficiency systems. The agency will offer mortgage loans with a condition that about 5 percent of it will be utilized for energy and water consumption reduction on the investment property.
The proposal will also highlight college training programs that will focus on solar energy. The Sola Instructor Training Network of the Department of Energy will be available as community college programs. This is to help prepare about 50,000 people that are expected to join the solar workforce by 2020.
There will also be programs called High Performance Outdoor Lighting Accelerator that will provide high-efficiency lighting in many cities. Another important point of the proposal is the use of new energy conservation regulations for appliances to help guide consumers in saving electrical energy. Finally, there will also be announcements for a $2 billion investment for energy efficiency upgrades for federal buildings to save energy, increase energy independence and the creation of more jobs that focus on the construction industry.