I don’t need to tell you how tight money is today. The economy may technically be “in recovery,” but everyone I know has been spending less, cancelling services, delaying big purchases and taking another staycation. Even the banks are playing it frugal, extending little credit and approving few loans.
So the new and innovative AB 811 — property assessed clean energy bond program — scheduled to roll out this month, looked like a godsend with its easy-to-get loans for property owners to fund energy improvements, including solar photovoltaic (PV) systems to generate renewable green power, for example.
I’ve been writing about this program since 2008, just a few months after Gov. Arnold Schwarzenegger signed the bill. I’ve attended conferences across the state, learning the details, and writing about the progress of the first cities and counties to make loans to their citizens, and giving presentations locally to update the South Bay.