<< previous page next page >>
President Obama’s administration has made historic investments in clean energy.
The Obama administration worked aggressively with industry to secure billions of dollars in investment commitments in clean energy technology. During his tenure, the Department of Energy launched the SunShot initiative, which set aggressive cost goals for solar energy and worked with industry, the education sector, state and local governments, and nonprofits to reach those goals. At the end of 2015, the President signed a bill that would extend the Production Tax Credit for wind energy and the Investment Tax Credit for solar energy for years into the future. Combined, these measures have produced a legacy that cannot be undone.
Since the start of his first term, the cost of solar, wind, batteries, and energy-efficient lightbulbs has fallen anywhere from 40-90%. In many states, new solar plants are cheaper than new fossil energy plants. By 2015, there were twice as many solar workers as coal miners in the United States. That’s good news for clean air, climate change, the economy, and electricity prices.
- The Obama administration worked with industry to set clean energy goals and billions of dollars worth of funding commitments, and the Department of Energy’s SunShot program set goals for low solar prices that the industry is well on track to meet
- The extension of the PTC and ITC were crucial for the wind and solar industries, helping the United States cut carbon emissions before the EPA’s Clean Power Plan takes effect
- There are twice as many solar workers as coal miners in the U.S., and the cost of solar has fallen more the 50% in the last four years.