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Creative Solar Finance Options - Solar Outlook Improving
by Rich Hessler Solar on Jul 14, 2010
The United States Recovery Act has been bolstering up solar after the 2008 market slide (due to the world-wide recession). This is partially due to new solar financing options.
Advanced Green Technologies is working hard to put solar panels in with business owners. They are offering a 0-0-3 program, no down payment and interest free for 3 months. This would allow business owners to purchase a solar system, take advantage of tax credits, and pay down the loan before interest payments begin.
Tennessee Valley AUthority proposed adding nuclear reactors, but it is warming up to solar. It created a program, TVA's Generation Partners program, which will provide a $1,000 incentive for small solar projects. It has also guaranteed a price for buying excess electricity.
California started it's PACE program, allowing homeowners to pay back the city for a solar installation through property taxes.
When homeowners meet specific criteria, solar can be added to a mortgage...Read More >>
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DWP Solar Finance Would Increase Solar and Create Jobs in California
by Rich Hessler Solar
The Los Angeles Business Council promises excellent jobs and 600 MW of electricity if the city can institute a solar finance program. The proposed solar finance program would be funded by the Department of Water and Power. It would allow Los Angeles to create 3% of its electricity from the sun and attract solar companies to the area to create jobs.
The program, which has been implemented in Florida and Germany, is already a success. It will encourage business owners and homeowners to install solar on their homes and commercial buildings.
All excess electricity generated can be...
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