logo
Home » News

Solar Home Finance has Its Day in the Sun
User: khay
Date: 2008-05-27
Views: 1036

Like the morning sun, the victories for our Go Solar campaign keep on rising.

Today, Colorado’s New Energy Economy took another step closer to home when Gov. Ritter signed H.B. 1350 this morning. This is the second of three bills in our Go Solar campaign that Gov. Ritter has signed into law. He’ll be signing the third bill soon (and I’ll be posting here about that).

H.B. 1350 establishes a unique finance mechanism that enables cities and counties to create programs that provide low-interest loans to home and small business owners. Funding for these programs will come through a change in law that allows cities and counties to use revenue from existing bonding capacity for investment in renewable energy and efficiency measures. The loans made through the program can then be paid back overtime through a property lien, making clean energy improvements.

Today's signing continued our success this session in creating access and expanding opportunity to the New Energy Economy for every Coloradan.