Government Funded Residential Renewable Energy Projects
Introduced by Assembly Members Levine and Beall, AB 811 is a bill that would promote residential installation of renewable energy systems by connecting property owners to financing arrangements within all California cities and counties.
Financed through low interest loans, these contractual agreements would allow residential property owners to finance the installation of renewable energy generating systems as well as energy efficiency improvements. The loans would be repaid as an item on the property tax bill.
While California residents are likely to be eager regarding installation of solar panels, this bill removes the obstacle of financing.
The bill reads: "This bill authorizes California cities and counties to designate areas within which city officials and willing property owners may enter into contractual assessments to finance the installation of distributed generation renewable energy sources, including solar, and energy efficiency improvements."
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1 comment:
Can AB811 be utilized for commercial properties?
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