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Unique Financial Inducement Promotes Solar Power Use In Homes

Unique Financial Inducement Promotes Solar Power Use In Homes

In the city of San Francisco, going green has become a lifestyle and is rapidly turning the city into a world leader in renewable power – principally due to solar power technology. There have been some shifts in political will and forethought has been given to policy changes and how they can endorse a migration toward development of this new green ideal. A collaboration between the Bay area and San Francisco has meant a pioneering method of encouraging the utilization of solar power in homes.

When one takes a bird’s eye view of the area, they will see thousands of residential rooftops covered in photovoltaic solar panels, providing energy to those major landmarks for which the region has become known. In the not too distant future, even Alcatraz Island, the infamous penal institute, will become part of the green craze with its own renewable power source.

A plan allowing owners of a home to make application for a loan from the city to take care of the installation of solar power units in their residences will be coming into effect. Loan repayment is a simple process of including reimbursement in an increase in property taxes. Doing this eliminates the largest hurdle most residential homeowners toward using solar power, the initial costs involved for set up. The cost can be significant – upwards of twenty thousand dollars – for an average house at current costs.

The “green” loans vary from a modest $5,000 to a ceiling of $50,000, or ten percent of their homes worth – whichever is less. The term of the loan is twenty years and is registered against the property and not the owner so when the property changes hands, the new homeowner takes charge of the loan. The squeeze needs to be placed on other cities and States to take the same strategy as San Francisco, displaying how the future of solar power should unfold for residential installations.

Until other locations take part in their own solar power promotions as San Francisco is doing, the realistic way to put solar power in place for everyone else is by considering the numerous models of solar power kits on the market. This means we could build our own solar power panels at a considerable price reduction over retail, for about a hundred dollars to build the first panel. These kits explain the design, construction, installation and hook up procedure providing the basis for a reliable source of renewable solar energy with the added advantage of inexpensive power!

Since it could be a long while until the remaining population is offered such a sweet deal to convert to solar energy, currently everyone can receive Alternative Energy rebates on any solar power or alternative power system installed by a homeowner on their property. This would certainly assist with the outlay for installation.

Another small benefit of using these solar power kits is the knowledge gained from instruction guides and video tutorials, not to mention the experience gained from actually doing the job, to promote their own green business. It is a viable opportunity for an entrepreneurial person to help others go green and make an income too.

As the population becomes more aware of the potential of solar power for residential use, there will be a demand for businesses knowledgeable in solar power installation. Thanks to innovative ideas like the City of San Francisco, eyes are being opened to solar power and the huge energy saving potential behind it.

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RPN's contributed to this report.


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