An innovative financing method is helping thousands of homeowners across San Diego County to lower their utility bills by installing solar panels, insulation and high-efficiency heating and cooling systems. Their home improvement projects became affordable by using a loan program called PACE, for property assessed clean energy.
Installing solar power at the Kensington Veterinary Hospital on Adams Avenue seemed like a great way to combine long-held environmental values with a need for increased electricity, according to co-owner Dr. Patricia Ungar. Now that solar panels are producing a third of the pet center’s energy and providing up to a 40 percent utility bill savings, she’s also feeling a great deal of financial satisfaction.
Rebates for home solar energy systems from the California Solar Initiative (CSI) are ending in the San Diego region after supplying some $54 million in support of more than 17,900 residential installations since the program’s inception in 2006.