President Obama Solar Panels

He also announced he would also install a solar water heater on top of the living quarters at 1600 pennsylvania ave.

President obama solar panels.

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. Solyndra received a 535 million u s. Since the failure of solar panel company solyndra president obama s 80 billion clean technology program has begun to look like a political liability. Solyndra a california based manufacturer of rooftop solar panels opened in 2005 and in 2009 became the obama administration s first recipient of an energy loan guarantee to the tune of 535 million meant to help minimize the risk to venture capital firms that were backing the solar start up.

Department of energy loan guarantee the first recipient of a loan guarantee under president barack obama s economic stimulus program the american recovery and reinvestment act of 2009. The department of energy reached a settlement thursday to recover 200 million in taxpayer funds from a loan the obama administration distributed in 2011 to finance a 1 billion solar power plant that was deemed obsolete before it could officially go online. President barack obama who made environmental issues a focus of his presidency planned to install solar panels on the white house by spring 2011 though the project wasn t begun until 2013and completed in 2014. A123 solar received 279 million from taxpayers thanks to president obama s department of energy loan guarantees even after the solyndra bankruptcy and is getting another 500m from obama after a loss of 400m.

Obama referred to solyndra s loan at an oct. Depending on which side of the political aisle they originate opinions vary on whether the solyndra controversy is a scandal that can be fully attributed to barack obama. However solyndra officials used inaccurate information to mislead the department of energy in its application. President obama subsidized solar and other renewable energy in the united states with taxpayer money to the tune of 39 billion per year on average for the past 5 years.