Saturday, February 20, 2010

Property Tax Assessment Financing


Pursuant to AB 811, the State of California’s Clean Energy Municipal Financing Law signed into law last year, property owners may finance energy efficiency and renewable energy projects that are permanently affixed to the property. Recent legislation, AB 474, expanded the Program’s reach to include the financing of water efficiency projects. Eligible projects under the CaliforniaFIRST Program may include but are not limited to air sealing, wall and roof insulation, energy efficient windows, tankless water heaters, photovoltaics (solar electricity), and low-flow toilets.
Property owners can take advantage of financing through CaliforniaFIRST after their local government joins the Program.
A pilot stage of the CaliforniaFIRST Program will roll out in a limited number of counties and cities beginning in summer 2010.  Counties and cities are currently approving resolutions to join the Program as part of their public process.  As counties and cities formally opt into the Program, we will provide additional information on areas serviced by the Program.  Check out the News section of our website for press releases on locally adopted programs. We will post a complete list of CaliforniaFIRST counties and cities on this page as soon as the adoption period is complete.
The pilot stage of the CaliforniaFIRST Program is set to launch in early summer 2010.  Applications are not currently being accepted.  Once the Program is launched, a property owner will be able to access an on-line web portal to:
  • Investigate energy and water improvements that are right for their property
  • Calculate the annual assessment payment and associated energy and water cost savings
  • Find eligible contractors
  • Research additional local programs that provide incentives and education on energy and water efficiency
  • Apply for financing
The following is a list of counties that have passed the resolution to join CaliforniaFIRST. Click on the county link for a list of participating cities within that county:


More: http://www.renewfund.com/node/223

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