Solar Power on your home makes financial sense, but it’s expensive. So how do you stop solar projects from routinely taking a back seat to bathroom remodels?
That’s why we’re developing a resource to keep track of all the property tax solar energy financing programs across the country. Piloted in Berkeley last year, cities across the country are kicking off programs to help homeowners finance solar power and energy efficiency improvements with zero money down, by leveraging municipal bonds and property taxes.
It works by adding the cost of the home improvements like solar energy to your property tax bill, amortized over 20 years. The cost of capital is very reasonable, and the “what happens when I sell my home” question is simple and elegantly solved. The solar system goes with your house as does the tax bill. Piece of cake. We want to keep people up to date on what’s going on in their city with these programs.
Last modified: May 9, 2009