Property Tax Assessments as a Finance Vehicle for Residential PV Installations: Opportunities and Potential Limitations

Published By Lawrence Berkeley National Laboratory

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Property Tax Assessments as a Finance Vehicle for Residential PV Installations: Opportunities and Potential Limitations

Published By Lawrence Berkeley National Laboratory

By Mark Bolinger,
Published February 2008
10 Page(s)

Readily accessible credit has often been cited as a necessary ingredient to open up the market for residential photovoltaic (PV) systems. Though financing does not reduce the high up-front cost of PV, by spreading that cost over some portion of the system’s life, financing can certainly make PV systems more affordable. As a result, a number of states have, in the past, set up special residential loan programs targeting the installation of renewable energy systems and/or energy efficiency improvements, and often featuring low interest rates, longer terms, and no-hassle application requirements.