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Financing for Solar
Whether your project involves $2,500
worth of
energy efficiency upgrades, or $2.5 million for a solar
installation, Solar Santa Monica's new financial
partners -- shown above signing their agreements
with the program -- are available to discuss your
options.
If you're a business, be ready to answer these
questions:
- Do you want to own the system, or doesn't it
matter?
- Can you use the tax credits/benefits, or would you
prefer to use them as part of the negotiations?
- Who owns the building? If you lease, what are the
terms of the lease?
All financing arrangements are individual. For
more details, check out the Solar Santa Monica
website Financing
Options, or call Susan Munves
directly at (310) 458-8229.
WORKSHOP FOR BUSINESS OCTOBER
10
If you own or lease a commercial building in
Santa
Monica, we invite you to attend a workshop on
"How to Finance your Solar System." Guest
speaker will be Scott Kuhn, from National City
Energy Capital, one of our new financial partners.
National City Energy Capital, a division of Fortune 500
National City Corp., specializes in financing for the
energy industry. Topics to be covered:
- conventional financing
- capital leases and tax leases
- PPAs (Power Purchase Agreements)
The workshop will be held Wednesday, October 10
from 10:30 - 11:30 a.m. at the Santa Monica Chamber
of Commerce office, 1234 6th Street. To
reserve your seat, call (310) 393-9825 today.
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| Caps and Gowns |
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Solar Santa Monica team dressed to visit SolarWorld
in Camarillo -- largest PV panel manufacturing plant
in
the U. S.
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| Statewide Solar Programs |
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"Solar doesn't happen where the sun shines. It
happens where there are programs."
Dave Wallerstein, SolarWorld.
The word is getting out about Solar Santa Monica, one
of the few city-sponsored "programs" in California, or
for that matter, in the country. Santa Monica and
EcoMotion have been invited to speak recently at a
number of energy industry events about how the
program began and how it is working with the
California Solar Initiative.
"The goal is to
transform the market," said Ted Flanigan, President of
EcoMotion, the environmental consulting firm helping
manage the program for Santa Monica. "But to
make that happen, organizations like Solar Santa
Monica have to take the lead. Other cities are
watching closely to see how our demonstration
project develops."
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| Farmers' Market |
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On September 9th and again on the 12th, Solar Santa
Monica and a number of its partners handed out nifty,
reusable shopping bags to passers-by, and spread
the word about the City's program.
"We want
everyone to be looking at solar, whether it's for
electricity or for heating water, or both," said
Susan Munves, who heads up the program
for the City.
Hundreds of bags were
distributed thanks to SunPower, a solar panel
manufacturer whose products are used by the
program's Preferred Providers. SunPower panels
have been featured in several of the case histories
you've read about here in the Update.
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| Do You Rent in Santa Monica? |
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As a renter or a small business in Santa Monica, you
may not be able to put solar on your roof. But, you are
eligible for a separate, no-cost Energy Efficiency
Tune-Up through the Community Energy
Partnership. The Tune-Up crew will come to your
home, discuss efficiency with you, and replace
incandescent light bulbs and lamps with efficient
fluorescent models, change-out shower heads, etc.
To get on the list for the next series of Tune-Ups, call
or e-mail
Althea Osborn at the Solar Santa Monica office,
(310) 458-4992.
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| Ready for your Solar Assessment? |
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The Solar Santa Monica team continues to perfom
no-cost energy and solar assessments for homes
and businesses. If you're
ready to
find out
whether solar makes sense for you,
sign up online by filling out the questionnaire at the
Solar Santa
Monica website . We'll call to set an appointment.
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| Rebates for Solar Water Heating Bill Passes Assembly |
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A.B. 1470 has passed both the Senate and the
Assembly, and is now on the Governor's desk. When
passed, it will provide $250 million for rebates for
qualifying solar hot water/solar thermal installs. The
fund will be created by a 13 cent charge on gas
bills.
Details of how much the rebate will be,
and what you'll have to do to get it, have not been
finalized. Keep an eye on this newsletter for updates.
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| Solar Santa Monica is administered by the City of Santa Monica's Energy & Green Building Programs office. |
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