Berkeley Financing Program Brings Renewable Energy Home
With has the potential to become one of the nation’s fastest spreading local renewable energy programs, the Berkeley city council last night voted unanimously to use the city’s bonding authority to finance rooftop solar on residential properties. The city will pay the upfront costs and property owners will repay those costs over 20 years through a special assessment on their property tax bills. If a person moves, the solar system will stay at the property and the new owners will assume the remaining years of the assessment.