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Published October 31, 2013 FoxNews.com Solar panels are seen in this file photo. (AP/The Sentinel, Apolinar Fonseca, File) A Colorado-based solar company that got hundreds of millions of dollars in federal loan guarantees before going belly-up didn't just empty taxpayers' wallets - it left behind a toxic mess of carcinogens, broken glass and contaminated water, according to a new report. The Abound Solar plant, which got $400 million in federal loan guarantees in 2010, when the Obama administration sought to use stimulus funds to promote green energy, filed for bankruptcy two years later. Now its Longmont, Colo., facility sits unoccupied, its 37,000 square feet littered with hazardous waste, broken glass and contaminated water. The Northern Colorado Business Report estimates it will cost up to $3.7 million to clean and repair the building so it can again be leased. - Associated Press
When we hear about the huge growth of solar installations in the US, the talk is mostly about solar PV, but there's enormous potential in solar thermal - used for heating and cooling. Currently, there's 9 gigawatts (GW) of solar thermal installed in the US, 1 GW less than solar PV. In fact, the national discussion on clean energy revolves around electricity and transportation, leaving out the biggest source of energy consumption - heating and cooling homes and buildings. Almost half (44%) of America's energy consumption comes from heating (hot water and space heating) and cooling, which costs some $270 billion a year. Right now, the US is on track to have 75 GW of solar thermal by 2050, installing 30,000 systems a year. But the Solar Energy Industries Association (SEIA) has created a roadmap that would result in 100 MW by 2025 and 300 MW by 2050, when there would be 100 million installations. At that level, solar thermal would supply 8% of US heating and cooling demand. It's already the most efficient renewable energy technology and has the quickest payback - costing as little as 6 cents per kilowatt hour. 100 million systems sounds like a lot to us too, but SEIA and partner BEAM Engineering say it's feasible. It would replace the need for 64 coal plants, save Americans $61 billion in energy costs and create over 50,000 jobs.