QUICK NEWS, November 18: DEEP IMPACTS OF CLIMATE CHANGE; BIG NEW CORPORATE WIND BUY; LEASED SOLAR IN REAL ESTATE SALES
DEEP IMPACTS OF CLIMATE CHANGE CIA Director Cites ‘Impact of Climate Change’ as Deeper Cause of Global Instability
November 16, 2015 (CNS News)
“…Central Intelligence Agency Director John Brennan said that CIA analysts [believe nationalistic, sectarian, socioeconomic, and technological factors and the impact of climate change are deep causes for the instability in] places like Syria, Iraq, Ukraine, Yemen and Libya…[ Extreme weather’s impact on food and water supplies can create or worsen humanitarian crises and the historical record supports the judgment that the world has become more unstable, he said]…” click here for more
BIG NEW CORPORATE WIND BUY Planned Texas wind farm to power Owens Corning, Equinix
Jordan Blum, November 16, 2015 (FuelFix)
“…Invenergy inked multi-year power purchase agreements with [Owens Corning insulation and fiberglass giant and Equinix Inc. data center company] to help finance the construction of the planned [300-megawatt] Wake Wind Energy Facility to be completed by the end of 2016…Owens Corning contracted for 125 megawatts of the wind farm…Equinix committed to buy 100 megawatts of electricity generated as both companies move toward their commitments to go green…There’s a push to complete wind farms by the end of 2016 in order to qualify for the federal production tax credit that expired and debates are ongoing whether Congress will extend it…Last month, Owens Corning announced more ambitious goals to reduce greenhouse gas and toxic air emissions as well as new renewable energy initiatives…Equinix plans to be 100 percent by renewable energy in North America by the end of 2016…” click here for more
LEASED SOLAR IN REAL ESTATE SALES Why leasing solar panels may not be a good idea if you’re planning a home sale
Jill Chodorov, November 17, 2015 (Washington Post)
“…[Some] homeowners have learned the hard way that it pays to read the fine print [in solar lease deals. As] solar ¬powered homes come on the market for sale, unexpected issues are bubbling to the surface. What’s more, almost all of the issues are happening to homeowners who lease rather than own the solar panels, which comprise an estimated range of 60 to 90 percent of the market…Explaining solar panels and lease agreements is a new issue for local real estate agents…[and] there are many challenges involved in appraising and selling a home with leased solar panels…The rules [on leased solar systems for FHA loans] are cumbersome and confusing…[Also, solar] companies make it very difficult to buy out a lease agreement in the first five years...[because they don’t want to lose the five-¬year depreciation] on the equipment…[B]uying solar panels is not as expensive as most believe…If you determine that solar would be a good investment, it may be better to purchase now, before the 30 percent federal tax credit expires.” click here for more
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