The financial market’s turbulent week is certainly going to have an impact upon the energy sector, and we will get to that soon. Right now the main line of journalists and financial analysts are focusing on the extent and nature of the troubles with a focus on New York financial circles, but the shock waves are going to travel outward and when they do we’ll be sure to keep you posted.
For now, a smaller-scale piece of news with some big implications. Hoping to accelerate the pace of local adoption, Berkeley, CA will now offer loans from the city to locals who want to install solar on their rooftops. This is a fantastic step and should help out the city almost as much as it will the solar adopters, as it will allow for some additional energy to back up the city’s dependence on the often over-taxed California power network.
If this program works out, then other cities across the country, particularly in similarly green-conscious areas, could follow Berekeley’s lead. If that happens, we could be looking at a wave of local measures intended to accelerate solar and other renewables, as a precursor to more comprehensive federal legislation.
Great news in an otherwise unsetlling week…
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