skip to main content

Listen

Read

Watch

Schedules

Programs

Events

Give

Account

Donation Heart Ribbon

Governor Signs Legislation To Provide More Money For Energy Upgrades

Audio

Aired 8/3/11

California Governor Jerry Brown has signed a bill into law that’s intended to provide more money for energy upgrades.

California Governor Jerry Brown has signed a bill into law intended to provide more money for energy upgrades. The legislation creates a new program allowing homeowners and small businesses to borrow money to retrofit buildings. The state will guarantee the loans.

Democratic Assemblywoman Nancy Skinner, who wrote the bill, said that Californians can use the money for a variety of upgrades.

"The loans will be used by homeowners or small businesses to put in insulation, maybe replace an H-VAC system or install new solar."

Skinner also said the state will put aside up to $50 million to guarantee the loans in order to give banks the confidence to lend money. Unless there are defaults, the state won't lose any of the $50 million.

The program will be administered by the State Treasurer's office.

Comments

Avatar for user 'alltechsolar'

alltechsolar | August 4, 2011 at 12:54 p.m. ― 3 years, 3 months ago

This is great news for Californians who have wanted to go Solar but couldn't get the financing to make it happen. Hopefully, many consumers and business owners will take advantage of this opportunity.

( | suggest removal )