These bonds can finance solar photovoltaic and water heating installations at rates lower than most tax-exempt municipal bonds. Local public agencies interested in CREBs are invited to an informational meeting on May 15, 2009.
Clean Renewable Energy Bonds (CREBs) are a more straightforward financing option than QECBs. CREBs can be used to finance PV and SHW installations, and are likely to come at a lower rate than most tax-exempt municipal bonds. CREB allocations will be awarded on a smallest to largest basis, such that a city will want to limit each request for a CREB allocation to a reasonably low number (likely below $3-4 million), identifying in each case the additional funding sources for that project (i.e. block grants, CEC loans, etc.)
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