Berkeley moves ahead with solar-financing program
BERKELEY, CALIFORNIA - The city of Berkeley has made a big step toward starting a pioneering program to provide city-backed loans to homeowners who install rooftop solar-electric systems.
The city council approved a new tax district that residents can join to finance solar energy systems through their property taxes.
Under the plan, the city will provide money for installation and material costs, which homeowners would pay back at a fixed rate over 20 years.
Residents would pay about $180 a month through their property tax bills for a typical $22,000 solar-electric system, but they should eventually recoup the money through lower electricity costs.
Next, Berkeley officials will select a lender to provide financing for the program. The city also plans to start holding workshops for interested homeowners.
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IEA: Asia set to use half of world's electricity by 2025
BERLIN - Asia will for the first time use half of the world’s electricity by 2025, even as Africa continues to consume far less than its share of the global population, according to a new forecast released Wednesday by the International Energy Agency.
Much of Asia’s electricity use will be in China, a nation of 1.4 billion people whose share of global consumption will rise from a quarter in 2015 to a third by the middle of this decade, the Paris-based body said.
“China will be consuming more electricity than the European Union, United States and India combined,” said Keisuke Sadamori, the…
