23 Jul '16, 1am

Residential Solar Power: New Program Opens to More Americans

The White House has launched a program designed to bring clean solar energy into more American households and more income brackets through a simplified, no-money-down financing vehicle based on a homeowner's property tax bill. The goal is to bring 1 gigawatt (GW) online in low to moderate income communities across the country by 2020. The official name of the effort is called the "Clean Energy Savings for All Americans Initiative" and it will ease access to residential solar electric power for many families through streamlining of process, tying financial qualification to the property tax bill, and not the individual's FICO score. The basic concept has been in practice for a few years now in certain markets (including California), and it's called "Property Assessed Clean Energy" (PACE) Financing. PACE allows the cost of solar power and energy efficiency upgrades to be roll...

Full article: http://www.getsolar.com/blog/residential-solar-power-new-...

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