recommended reading

Crowdfunding Fuels Military Conversion to Solar Power

The U.S. Army's solar array at White Sands, New Mexico

The U.S. Army's solar array at White Sands, New Mexico // U.S. Army/AP

The US military has ambitious plans—$7 billion worth—to install renewable energy at bases and other facilities across the nation. American taxpayers, of course, are footing the bill. But now they can choose to put their money into a military solar project and make a return, thanks to the crowdfunding craze.

Mosaic, a California startup that earlier this year began letting ordinary investors put in as little as $25 to help finance commercial rooftop photovoltaic arrays, today announced its first military-related project, a 12.3-megawatt (MW) installation that will put 55,189 solar panels on housing at Joint Base McGuire-Dix-Lakehurst in New Jersey. The panels will be installed on 547 homes and are expected to supply 30% of their electricity demand.
The deal is significant on two fronts. Military bases represent a huge market that will help drive down the cost of solar energy through economies of scale. Silicon Valley’s SolarCity, for instance, scored a $1 billion deal in 2011 to finance and install 371 MW of photovoltaic panels on military housing in 30 states. Second, the deal marks a new way to finance solar energy. As lucrative US tax breaks for solar and wind projects fall from 30% to 10% at the end of 2016, they will become less attractive to big banks and corporate investors currently bankrolling commercial and residential solar projects.
Enter the mom-and-pop investor.

Threatwatch Alert

Thousands of cyber attacks occur each day

See the latest threats

JOIN THE DISCUSSION

Close [ x ] More from Nextgov
 
 

Thank you for subscribing to newsletters from Nextgov.com.
We think these reports might interest you:

  • It’s Time for the Federal Government to Embrace Wireless and Mobility

    The United States has turned a corner on the adoption of mobile phones, tablets and other smart devices, outpacing traditional desktop and laptop sales by a wide margin. This issue brief discusses the state of wireless and mobility in federal government and outlines why now is the time to embrace these technologies in government.

    Download
  • Featured Content from RSA Conference: Dissed by NIST

    Learn more about the latest draft of the U.S. National Institute of Standards and Technology guidance document on authentication and lifecycle management.

    Download
  • A New Security Architecture for Federal Networks

    Federal government networks are under constant attack, and the number of those attacks is increasing. This issue brief discusses today's threats and a new model for the future.

    Download
  • Going Agile:Revolutionizing Federal Digital Services Delivery

    Here’s one indication that times have changed: Harriet Tubman is going to be the next face of the twenty dollar bill. Another sign of change? The way in which the federal government arrived at that decision.

    Download
  • Software-Defined Networking

    So many demands are being placed on federal information technology networks, which must handle vast amounts of data, accommodate voice and video, and cope with a multitude of highly connected devices while keeping government information secure from cyber threats. This issue brief discusses the state of SDN in the federal government and the path forward.

    Download
  • The New IP: Moving Government Agencies Toward the Network of The Future

    Federal IT managers are looking to modernize legacy network infrastructures that are taxed by growing demands from mobile devices, video, vast amounts of data, and more. This issue brief discusses the federal government network landscape, as well as market, financial force drivers for network modernization.

    Download

When you download a report, your information may be shared with the underwriters of that document.