Word: solarized
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Dates: during 1970-1979
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With a touch of pressagentry worthy of Disneyland, Jimmy Carter climbed to the roof of the West Wing of the White House one sunny morning last week to dedicate a $28,000 solar heating system. At the same time, he announced a solar energy program for the U.S. It sets a goal of meeting 20% of the nation's energy needs from all forms of solar energy by the year 2000.* Said Carter: "No foreign cartel can set the price of sun power, no one can embargo...
Carter has long been a fan of solar energy. His inauguration stand was partly heated by the sun's rays, and on Sun Day last year he called for a "dawning of the second solar age." The Administration's new program is by no means the large-scale and probably wasteful crash effort advocated by solar enthusiasts at the Council on Environmental Quality and the Environmental Protection Agency. But it does call for $646 million to be spent on research in fiscal 1980. The program would be funded in part by revenues from the windfall...
...solar "bank" to subsidize and lower the interest charged by commercial institutions for loans to buy solar equipment. The Administration forecasts that the bank, which will have initial funding of $100 million, will result in more than 100,000 new solar units each year...
...higher, solar tax credits. New homes built with passive solar systems will get a 20% credit. Multifamily and commercial buildings will get a credit of $20 for every million B.T.U.s saved per year above the Government's energy performance standard...
...programs are far more modest than we expected," said Denis Hayes, director of the Solar Lobby. Other solar lobbyists criticized the plan because funding is tied to the windfall profits tax, which has not been passed by Congress...