This kind of financing mechanism could be really powerful if combined with offsite programs such as solar gardens (community shared solar).
-Joy
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Yesterday, California Senator Kevin de León introduced a bill, SB 37, which would create the first On-Bill Repayment (OBR) program entirely financed by private capital. OBR allows property owners to finance energy efficiency and renewable generation upgrades and repay the obligations through their utility bills.
Senator De León said that "every Californian should be able to participate in the clean energy economy, and OBR helps us achieve this goal." He believes that "OBR will lower utility bills, reduce pollution from dirty energy, and put thousands of Californians back to work. I am proud to be working with a broad coalition dedicated to moving this bill forward."
http://blogs.edf.org/californiadream/2012/12/07/on-bill-repayment-bill-introduced-in-california/
Joy Hughes, Founder, Solar Gardens Institute http://www.solargardens.org
CEO, Solar Panel Hosting LLC http://www.solarpanelhosting.com
(719)207-3097 direct
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