For those who were interested in installing a home solar energy system but were turned off by the $20,000 price tag, brighter days may be ahead. This week, several Orange County cities began participation in a renewable energy program that makes it easier for homeowners to pay for solar systems over several years.
|Courtesy Sullivan Solar|
Property assessed clean energy loans (PACE) allow homeowners to make renewable energy upgrades to their properties, then repay the debt through their property taxes over a period of as long as 20 years. The program, known as HERO (home energy renovation opportunity), is administered by privately owned Renovate America Inc. and has been popular with several cities in the western portion of Riverside County. Starting Monday, the program began making inroads in the land of citrus in cities including Anaheim and Brea. According to the director of project development at Sullivan Solar Power, David Savarese, the program will give homeowners the opportunity to slash energy bills and earn tax benefits at the same time.More »