Solar Power Is Mostly for the Affluent. Here’s Obama’s Plan to Spread the Wealth Around.
Low-income households face a number of barriers to going solar. They’re less likely to own their own roof, less able to access loans or other financing options for solar, and more likely to have subsidized utility bills that don’t transfer the financial benefits of solar to the homeowner. And yet, in many ways low-income households stand to benefit the most from producing their own energy: The proportion of their income spent on energy is about four times greater than the national median, according to federal statistics. And because lower-income households tend to use less electricity overall than higher-income households, a typical solar setup covers more of their demand. The GW study found that a 4 kilowatt solar system, about the average size for a house, would cover more than half of a typical low-income household’s energy needs and that if all low-income households went solar, they would collectively save up to $23.3 billion each year.