The sellers market in the solar panel industry still can not sell to San Diegans that do not have the money to pay for the cost of installation, say Supervisors Diane Jacobs and Dave Roberts. The two took the opportunity this morning to get an okay from the Board on a study designed to resolve doubts on starting up a county PACE lending program for homeowners that has been held up by restrictions imposed by the federal housing authority.
County analysts will break down the PACE homeowner initiatives taken up in Riverside and Sonoma to find out if opportunities to buy solar energy systems can improve in San Diego.
PACE loans are repaid using amounts taken out of the property tax assessment. The public-private funding program was agreed on by the Board in a past year to support conversions to solar power in the region. But, the homeowner program was held up.
San Diegans are ready for more solar energy. Giving homeowners new borrowing incentives can put an end to situations the owners have no affordable options. The plan is to put installation workers to work building up the count on solar rooftops and small scale solar projects.
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