New financing programs make solar more affordable
Dec 26 - San Jose Mercury News, Calif. - If you think you need $20,000 to $30,000 in cash upfront to install a solar system on the roof of your home, think again.
You too can afford solar when you get your local community participating in a new form of financing, generically known as PACE. Property Assessed Clean Energy, allows private property owners to pay for renewable projects like solar and energy efficiency upgrades through an addition to their property tax bill.
How do you do this? You need to get local government involved (which has already been suggested in numerous emails to many in Florida Government including Orlando government leaders). There is growing momentum around financing solar and energy-efficiency projects through PACE programs around the country. Piloted by the city of Berkeley a few years ago, the concept has gone nationwide. Sixteen states, including California, Colorado, Texas and New York, have passed legislation enabling these types of program. The next step is for individual counties or municipalities to begin issuing bonds. The concept requires that cities have the ability to form a "special tax district" or "assessment district" to finance energy improvements; some municipalities already have the authority, but many require enabling legislation. PACE attaches the cost of the solar or energy efficiency upgrades directly to property taxes. That means that if you need to move or sell your house, you're off the hook: Whoever pays the property taxes is responsible for the surcharge to pay back the loan.
Now all we have to do is get government leaders to get off center and help local citizens save money instead of continuing to rack up taxing schemes for such things as rail, sports and performing arts centers.
By the way remember, Earth Day 2010, the 40th anniversary is coming up in April 22nd 2010 with a week long event planned at this link.
Join the discussion below, or Read more at www.renewablesbiz.com.
#1 Dec 29, 2009
Now this is a great idea! Considering that the author didn't provide any helpful links to learn more, the best one I could find about this PACE program seemed to be the one for SmartSolar ( http://www.ebenergy.org/smartsolar/ ), a company that provided the legal footwork for this type of financing, although the City of Berkley ( http://www.cityofberkeley.info/sustainable/ ) was the first city to create the special bonding as a part of their services. Why can't Orlando get in on this? Hello,,, Buddy, Richie, someone, anyone out there?
#3 Dec 29, 2009
#4 Dec 29, 2009
Most of the rebates, tax incentives and energy efficiency programs can be found at: www.dsireusa.org and click on your particular State. There will be links to the offered programs by State, Local (PACE) programs if they are offered and utility backed programs like net metering and energy star appliance programs.
#5 Dec 30, 2009
Certainly, there are many things that can be done to improve the lot (especially jobs) of local citizens in Florida, so why don't we see any initiation of programs like the effort in Ohio like this link displays: http://ohiomeansbusiness.com/newsroom/press-r...
At least they have a publicly released in effect program working that is creating jobs there, while Florida only gives lip service to their efforts. Do we need leadership in Florida that actually does something? In my opinion we need doers not the present crop of publicity seekers!
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