San Francisco is the city where going green is developing into a lifestyle and is fast becoming a world leader in the use of solar power and is involved in a number of political and policy moves to promote the development of green technology. Together the Bay Area and San Francisco has come up with an innovative way of promoting the future of solar power for homes.
Throughout the area solar panels are visible on thousands of rooftops, supplying power to some major landmarks and soon the famous Alcatraz Island will join the exclusive group.
As of this month homeowners can get loans from the city to cover the cost of installing solar power systems in their homes, repayments are made easy because the city facilitates the repayments through increased property taxes. This removes the single biggest deterrent for most homeowners that of the up-front costs of retail installation of solar power systems, which can be considerable at current rates of around $20,000 for the average home.
These loans range from a minimum of $5,000 to a maximum of $50,000 or 10% of the homes value whichever is less. The payback period is up to 20 years and the loan is tied to the property and not to the individual so when the house is sold the balance of the loan is passed on to the new owner. Pressure should now be put on other cities and States to follow this Green trend as San Francisco demonstrates the future for solar power for homes.