Is Focus on Bigger Projects Holding Solar Back in the U.S.?
The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/focus-bigger-projects-holding-solar-back-us/An article in the New York Times last week suggested that a dearth of financing is holding back solar power in the United States. In particular, the authors note that “the country needs to build large plants covering hundreds of acres,” projects that can cost $1 billion. These large solar projects are languishing without financing, they assert, in part because of the lengthy process to claim federal government loan guarantees and because “Bankers generally prefer smaller, less risky projects and shorter-term loans than the 20-year terms solar plants typically need.” Continue reading





