SD council delays decision on solar loan program

The San Diego City Council on Tuesday day put off a decision on a program that would help property owners finance the installation of solar panels or other energy and water conserving devices.

Citing a memo from the City Attorney’s Office that raised legal questions, the council voted 6-1 to postpone matter until May 25. Council President Ben Hueso cast the dissenting vote and Councilwoman Marti Emerald was absent from today’s meeting.

Under the proposal, property owners who participate in the Clean Generation Program would receive loans to install solar panels or water conservation devices, which would be repaid, plus interest, over a 20-year period on their property tax bill.

If the property were to be sold during the 20-year repayment period, the assessment would transfer to the new owner.

The cost of a solar system for a home runs about $24,000, a staff member told the City Council. The annual cost to participants would be offset by lower utility bills.

“I hope you’ll agree that this program has tremendous potential to help not only our environment, but also our economy and our reputation as a city that embraces innovation,” Mayor Jerry Sanders testified at the start of the hearing.

The mayor’s office hopes to get the program running by June.

Related posts:

  1. Solar energy program progresses
  2. Solana Beach adopts state PACE program
  3. DM council seeks ways to retire Shores property loan
  4. Canyon Crest to get solar power system
  5. San Diego council OKs water rate hike

Short URL: http://www.delmartimes.net/?p=6562

Posted by on May 4, 2010. Filed under Archives. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Archives

Facebook

Bottom Buttons 1

Bottom Buttons 2

Bottom Buttons 3

Bottom Buttons 4

Bottom Buttons 5

Bottom Buttons 6

LA JOLLA NEWS

RANCHO SANTA FE NEWS

RANCHO SANTA FE NEWS

RSS RANCHO SANTA FE NEWS

  • Berkshire Hathaway HomeServices honored with Stevie Gold Award
    Berkshire Hathaway HomeServices was recently named Startup of the Year in the 2014 American Business Awards, earning the brokerage the Stevie Gold award. The award was presented at the Fairmont Millennium Park Hotel in Chicago, Illinois. “Berkshire Hathaway HomeServices is among a select few organizations to be entrusted with the Berkshire Hathaway name,” co […]
  • Rancho Santa Fe sports update
    Santa Fe Christian lost to Carlsbad 35-7 in a nonleague game on Sept. 12. The Eagles’ only score came in the third quarter, when Matthew McRoskey completed a 54-yard scoring pass to Caleb Phillips. Reece Walker rushed for 50 yards on four carries and Benton Weeks gained 29 rushing yards on 11 carries. […]
  • Red Envelope Friday fundraiser returns to benefit Rancho Santa Fe School
    The Rancho Santa Fe Education Foundation’s annual Red Envelope Friday fundraiser returns Sept. 26. All families are encouraged to contribute “Your Share” in support of a world-class education for their children at R. Roger Rowe School during Red Envelope Friday. Making a contribution is easy! On Sept. 26, volunteers will be at drop off and pick up lines at t […]