08 Sep '11, 4pm

Housing on US military bases getting major solar installations 33 states, 160,000 homes, 6,000 new jobs!

Housing on US military bases getting major solar installations 33 states, 160,000 homes, 6,000 new jobs!

Given the magnitude of the project, it’s no surprise the federal government has stepped in to help — the Department of Energy has extended a conditional commitment for a partial guarantee of a $344 million loan that will support SolarStrong. The government's financial involvement in the project has raised a few eyebrows considering that another solar company, Solyndra , declared bankruptcy just last week after receiving a $535 million loan guarantee through the Department of Energy's Loan Guarantee Program. SolarCity insists the government is not at risk this time around particularly because the loans will kick in after the military installations are up and running; there's also the fact that SolarCity, unlike Solyndra, is an established, five-year-old company.

Full article: http://www.mnn.com/your-home/at-home/blogs/red-white-and-...

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