Berkeley moves ahead with solar-financing program

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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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Project boss Matthias Haag announced last night the 54-turbine wind farm would restart construction this week.

Located off Scotland’s east coast, it was awarded a Contract for Difference (CfD) in 2015 and will look to generate enough energy to power 375,000 homes.

It is expected to create around 500 jobs while also delivering £540 million to the local economy.

Mr Haag, NnG project director, said the wind farm build would resume with a small, staggered workforce return in line social distancing rules.

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