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Berkeley going solar - city pays up front, recoups over 20 years
Key Excerpts from Article on Website of San Francisco Chronicle (San Francisco's leading newspaper)
Posted: November 2nd, 2007
http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2007/10/...
Berkeley [Cal.] is set to become the first city in the nation to help thousands of its residents generate solar power without having to put money up front - attempting to surmount one of the biggest hurdles for people who don't have enough cash to go green. The City Council will vote Nov. 6 on a plan for the city to finance the cost of solar panels for property owners who agree to pay it back with a 20-year assessment on their property. Over two decades, the taxes would be the same or less than what property owners would save on their electric bills, officials say. "This plan could be our most important contribution to fighting global warming," Mayor Tom Bates said. "We've already seen interest from all over the U.S. People really think this plan can go." The idea is sparking interest from city and state leaders who are mindful of California's goals to reduce greenhouse gas emissions by 25 percent by 2020. Officials in San Francisco, Santa Cruz, Santa Monica and several state agencies have contacted Berkeley about the details of its plan. "If this works, we'd want to look at this for other cities statewide," said Ken Alex, California deputy attorney general. "We think it's a very creative way to eliminate the barriers to getting solar panels, and it's fantastic that Berkeley's going ahead with this." This is how Berkeley's program would work: A property owner would hire a city-approved solar installer, who would determine the best solar system for the property, depending on energy use. Most residential solar panel systems in the city cost from $15,000 to $20,000. The city would pay the contractor for the system and its installation ... and would add an assessment to the property owner's tax bill to pay for the system. The property owner would save money on monthly Pacific Gas & Electric bill because electricity generated by the solar panels would partly replace electricity delivered by the utility.
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