Municipal property assessment financing for solar and energy efficiency
The implosion of credit markets could mean severe problems for people looking to finance an investment in energy efficiency or solar. Frankly, financial innovation is as important as technological innovation when it comes to bringing solar into the mainstream. But now you don’t have to take some guy on a blog’s word for it — you can take some guy on the Wall Street Journal’s word for it.
One potential remedy has been pioneered by the city of Berkeley, with their innovative property tax assessment financing program. We’ve just posted a couple papers discussing how the model works, and what states can do to enable municipalities to follow their lead. Check them out here.