Berkeley is set to approve a plan to finance solar installations for residents. This extends a concept already in use by a number of financial players like Bank of America and companies like SunEdison.
From the SF Chronicle:
Berkeley is set to become the first city in the nation to help thousands of its residents generate solar power without having to put money up front - attempting to surmount one of the biggest hurdles for people who don't have enough cash to go green.
The City Council will vote Nov. 6 on a plan for the city to finance the cost of solar panels for property owners who agree to pay it back with a 20-year assessment on their property. Over two decades, the taxes would be the same or less than what property owners would save on their electric bills, officials say.
If Berkeley's efforts are successful they could spawn a rush by municipalities which would build on the already red-hot solar market:
"In the first nine months alone, requests for [California Solar Initiative] incentives are on track to exceed California’s total installed solar from the previous 26 years," the report's authors write. The ambitious goal is to generate 3 gigawatts of solar electricity from solar arrays by the time the program ends in 2016.
If my math is correct this would be about 10% of California's current power use at any given point in time. That's huge considering that is the goal of this distributed power.
This raises another point made to me last night by Ted Nordhaus at Keplers. While wind is cheaper and probably more available, solar is easily distributed and suffers less NIMBYism.
Another local player is SolarCity in Foster City. SVLG CEO Carl Guardino recently interviewed CEO Lyndon Rive.




