Berkeley FIRST - Financing Initiative for Renewable Energy and Solar Technology

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Summary: 

Berkeley FIRST was the first in the nation pilot program to provide property tax-based financing for solar installations on residential and commercial buildings. Property assessed clean energy ((PACE) programs allow property owners to finance energy efficiency and renewable energy projects on their home or business and pay the project cost back as a line item on their property tax bill over a 20-year period. This innovative financing mechanism was first piloted by H28the City of Berkeley in 2008-09.

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