Obama Solar Panel Program

Since the failure of solar panel company solyndra president obama s 80 billion clean technology program has begun to look like a political liability.

Obama solar panel program.

Bush and his republican controlled congress began the green energy loan subsidies program the energy policy act of 2005 that ultimately provided the funding to solyndra. And the department of energy s clean energy loan guarantee program largely funded. The abound solar plant which got 400 million in federal loan guarantees in 2010 when the obama administration sought to use stimulus funds to promote green energy filed for bankruptcy two years. Department of housing and urban development hud and the environmental protection agency epa to support greater solar deployment.

President obama exaggerated when defending his administration s approval of a 535 million loan guarantee to solyndra a now defunct solar company. The first applications were approved in 2009 and through 2014 the obama administration had issued some 38 loans and guarantees covering 34 projects ranging from nuclear power plants to. Barack obama was not vetted before being elected president and neither was solyndra before mr. Solar powering america solar powering america is an interagency initiative between the u s.

Most on the right claim president obama pushed his green agenda with a blatant disregard for the california solar company s lack of financial health. Obama threw that taxpayer money down the drain of unproven technology. Department of energy doe u s. Obama gave 500 000 000 that s a half billion in taxpayer money to solyndra who shut its doors and laid off 1100 workers in august 2011 after billions in losses due to failure to make a solar product that works.

Many on the left argue that president george w. Last fall to underscore the obama administration s commitment to clean and renewable energy energy secretary steven chu and ceq chair nancy sutley announced that the energy department would lead a project to install american solar photovoltaic panels and a solar hot water heater on the roof of the white house. On the renewable energy front obama signed into law an extension of key tax credits for solar and wind energy.