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Our readers are offered a discount on Lorman seminars and courses. Check out their business, management and legal offers at this link to qualify for our discounts. They also offer green business training opportunities. Please visit http://www.lorman.com/training/CaliforniaGreenSolutions for a complete listing of courses. Register online or call Lorman at 866-352-9539.

Energy Efficiency Financing Districts Provide Funding for Green Building Projects

AB 811 created Energy Efficiency Financing Districts so cities and counties can create these new financing programs for energy efficiency and renewable energy projects.

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In California cities are putting out bonds and using these bonds to provide loans to commercial property owners that they can use to retrofit and upgrade their buildings.

These are called "Energy Efficiency Financing Districts" and are a relatively new business model for funding green housing and buildings that can create more sustainable communities.

  • The County of Sonoma (northern California) was the first county government to create a $100 million program exclusively for the Energy Efficiency Financing District program.

    Other municipalities that have Energy Efficiency Financing Districts in progress include:

  • San Francisco
  • Berkeley
  • City of Palm Desert
  • San Diego

California’s AB 811 program, which was approved in July 2008, was designed to allow property owners to finance the installation of renewable energy systems and have the financing incorporated into their property tax payment. This state bill is making it possible for cities to create these new financing programs for energy efficiency and renewable energy projects.

Edited by Carolyn Allen
| energy efficiency | ab811 | energy efficiency funding |

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