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Solar plan for San Diego

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jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-06-08 12:27 PM
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Solar plan for San Diego
http://www.signonsandiego.com/news/metro/20081205-9999-1n5solar.html

San Diego Mayor Jerry Sanders will today roll out one of the most aggressive plans in the nation to help homeowners and small businesses buy solar power systems.
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The program, authorized in July by a new state law, would allow residents to pay for solar panels through their property tax bills over 20 years. The privately financed loans would carry a fixed interest rate and could be transferred when a property is sold, eliminating a common fear that homeowners have about paying for a system they no longer own.

“I don't see any barriers. It's the perfect solution,” said Irene Stillings, executive director of the nonprofit California Center for Sustainable Energy in San Diego, which coordinates financial incentives for solar installations.

“What this does is give an immediate positive cash flow to the homeowners because they are going to be able to see these incredibly lower utility bills,” she said.

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silverweb Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-06-08 12:41 PM
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1. Perfect!
The fixed interest rate and loan transfer with sale of the property are key ingredients to making this successful. I hope San Diego is soon sprouting solar panels like dandelions!

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