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California Innovates New Funding for Residential Solar

If you live in California and have wondered how you could afford to install photovoltaics but have been stopped by either a scanty bank account or fear of re-mortgaging your home, you might have just run out of excuses. The state has just enacted legislation that now makes it possible for homeowners to obtain low-interest loans from local government for the express purpose of installing renewable energy or energy efficiency measures. What is really innovative about this, though, is how you pay for it: you can pay the loan back through your property taxes over time.

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