White House joins solar surge, installs panels

On Thursday, a White House official confirmed to the Washington Post that President Barack Obama would finally make good on a 2010 promise to install solar panels on the First Family’s residence. The panels are being installed this week.

Once complete, it would make Obama the first president since President Jimmy Carter to go green. Carter's solar panels were installed in 1979, but President Ronald Reagan had them removed in 1986. It also makes the Obama family part of the rapidly expanding growth in solar energy across the United States.

According to new industry data from GTM Research, solar panels have fallen in price, and their installation and collective energy-generating capacity has consequently skyrocketed. Nearly two-thirds of the world's existing solar panels have been installed in the last 2.5 years.