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Rooftop Solar Is Experiencing a Boom in California

Rooftop Solar Is Experiencing a Boom in California

 

Rooftop solar power installations are experiencing a boom this year in California, and the California based company Sungevity is experiencing its own boom. Sungevity announced the creation of a $50 million renewable energy tax equity fund created by Citigroup Inc. on August 15. The company, based in Oakland, California, has raised over $120 million since last year. Sungevity now operates in eight states including Arizona, California, Colorado, Delaware, Massachusetts, Maryland, New Jersey and New York.

Sungevity announced a partnership last spring with Sierra Club to expand rooftop solar in California’s Bay Area. Sierra Club is reaching out to its members in Northern and Central California about solar leasing through Sungevity. For every Sierra Club supporter who signs up with Sungevity, Sierra Club will receive $1,000 from Sungevity for its campaign to end U.S. reliance on fossil fuels.

Rooftop solar panels do more than just eliminate the need for traditional power sources. They help keep a building cooler, according to a report released by the UC San Diego Jacobs School of Engineering in America. Researchers used thermal imaging to determine that during the day a building’s ceiling was five degrees Fahrenheit cooler if it had solar panels, and at night the panels help keep the heat in, which reduces the need for heaters in the winter.

Rooftop solar power is likely to continue to experience a boom. Almost 80 percent of the world’s power needs could be met by renewable energy if the right policies are in place, a report by the Intergovernmental Panel On Climate Change predicts. The report is based on research conducted by over 120 researchers. Increasing renewable energy could decrease greenhouse gas emissions below 450 parts per million, which is the amount experts say needs to be achieved to avoid the worst effects of global warming.

“The IPCC brought together the most relevant and best available information to provide the world with this scientific assessment of the potential of renewable energy sources to mitigate climate change,” said Rajendra Pachauri, Chairman of the IPCC. “The Special Report can serve as a sound knowledge basis for policymakers to take on this major challenge of the 21st century.”

Related Stories:

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Lowe’s Partnership Will Rent Solar Panels To The Masses

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Photo: Flickr user, Muenzer

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62 comments

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11:35PM PDT on Sep 19, 2011

Fantastic! If only Florida would catch on...

1:21PM PDT on Sep 9, 2011

Way to go California!

10:55AM PDT on Aug 21, 2011

MORE!MORE!MORE! And PLEASE head north!

8:25AM PDT on Aug 21, 2011

Great idea!

5:47AM PDT on Aug 21, 2011

I heard there are 'rental' programs to offset the high cost of solar power equipment out west....until it is cheaper than other power systems people will not (often can not afford to) use it.

5:47AM PDT on Aug 21, 2011

I heard there are 'rental' programs to offset the high cost of solar power equipment out west....until it is cheaper than other power systems people will not (often can not afford to) use it.

12:57AM PDT on Aug 21, 2011

Congratulations California. Also having solar panels will help cut down polution. The right way to go.

3:54AM PDT on Aug 20, 2011

It would be nice if the inconsistent hypocrites in government would recognize the threat to our economy and by extension, national security and move forward with renewable energy as a national security priority for this country. No energy, no economic activity much less growth.

In my view, anyone who stems against the development of renewable energy as an important ecomomic and environmental priortity is anti American and engaged in economic sabotage of this country.

Cudos to all those that have stepped forward to promote a healthy, productive, and thriving society.

11:19PM PDT on Aug 19, 2011

Nothing but good news. I like the good news stories around here.

8:53PM PDT on Aug 19, 2011

Good.

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