Alameda County
Using a 20-year property assessment known as PACE financing, Berkeley had a successful pilot program from 2008 to 2009 as the first city in the country to allow residents to obtain solar power without any initial payment. In the plan, property owners paid as much in increased property taxes as they save in energy costs, allowing them to install the panels for free at no cost to the city. Thirty eight projects are being installed for the pilot stage of the program. PACE financing has spread to 28 states, but is on hold in many due to objections by Freddie Mac and Fannie Mae, including in Berkeley (which has not continued the pilot as a result). Legislation has been introduced to require acceptance of PACE financing.
Read more about this topic: Solar Power In California
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