Solar power is the energy source of my choice. The American goverment should give long term loans to the people to obtain these solar panels. Substantial tax cuts should be given to taxpayers installing these panels.
PACE works by letting homeowners pay for rooftop solar arrays and energy-saving retrofits through a surcharge on their property tax bills. The cost is paid back over 10 to 20 years. In this way PACE removes high upfront costs and ensures that property owners don’t lose out if it they sell — the new buyer inherits both the home improvements and the tax assessment. The Berkeley-born model creates work for building contractors, cuts carbon pollution, and essentially runs on private capital, since cities and towns that offer PACE fund it through municipal bonds.
Making Homes More Energy Efficient
MaineHousing’s Weatherization and Appliance
Replacement Programs invest in energy
efficiency to reduce home heating and
utility costs and make homes more affordable.
• 1,457 homes had energy efficiency improvements
through two Weatherization programs.
• 1,786 older inefficient refrigerators were replaced, saving
an estimated 17% of electric use in a typical home.
Over time, MaineHousing has replaced appliances in
over 7,000 homes and weatherized over 18,000 homes.
In addition MaineHousing’s Home Energy Loan
Program provided nearly $500,000 in low interest rate
loans in 2007 to moderate income homeowners for
Opening the Door to Homeownership
MaineHousing’s offers mortgages with below
market interest rates and down payment
assistance to help make homeownership a
reality for eligible buyers who have not
owned a home in the past three years. Veterans and
active duty military also may be eligible. In 2007:
• 961 Maine families bought homes with a MaineHousing
mortgage (with an average interest rate of 5.1%),