Peter, Here is a link to the City of Berkeley program. http://www.ci.berkeley.ca.us/ContentDisplay.aspx?id=26580 I believe the bill you are refereing to has to do with the status of California cities. Previously, if you were a "charter" city, you had the right to establish special assessments. If you were not you didn't. I think the bill allows any city regardless of status to develop assessments. You see, these are not low interst loans. Rather, the City pays 100% upfront for the home owner, and then collects back over time through a special property tax assessment. Berkeley has started with 40 homes. They filled out with 40 applications within 9 minutes of opening the program.
Mark Frye Berkeley Solar Electric Systems 303 Redbud Way Nevada City, CA 95959 (530) 401-8024 <http://www.berkeleysolar.com/> www.berkeleysolar.com _____ From: re-wrenches-boun...@lists.re-wrenches.org [mailto:re-wrenches-boun...@lists.re-wrenches.org] On Behalf Of Peter Parrish Sent: Tuesday, December 23, 2008 7:44 AM To: 'RE-wrenches' Subject: [RE-wrenches] Info on Bill Does anyone know of a good article that discusses the CA Bill that passed a while ago that authorizes Counties (Cities?) to issue bonds to finance the issuance of low interest loans to homeowners so that they can finance the purchase solar systems and pay them back over 20 years as an add-on to their property tax bills? I heard that the cities of Berkeley and Palm Desert have put such a program in place. - Peter Peter T. Parrish, President California Solar Engineering, Inc. 820 Cynthia Ave., Los Angeles, CA 90065 Ph 323-258-8883, Mobile 323-839-6108, Fax 323-258-8885 CA Lic. 854779, NABCEP Cert. 031806-26 peter.parr...@calsolareng.com
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