City of Phoenix Extends Solar Power Financing Program

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Due to popular demand, the City of Phoenix, through a partnership with the National Bank of Arizona and Paramount Solar, is expanding a city-sponsored residential solar financing program.

Solar Phoenix 2 allows qualified homeowners in the APS and SRP utility districts to go solar with no upfront cash investment. Because there are no immediate upfront costs involved, homeowners will start reaping the financial benefits of solar power generation, which is free solar energy, from the first month of service.

The local administration expects that Solar Phoenix 2 will give up to 1,000 Phoenix homeowners a chance to adopt solar power by the end of 2012. The National Bank of Arizona has made a commitment of $25 million and there are opportunities for low and moderate-income homeowners in Phoenix and the surrounding areas.

Article by Antonio Pasolini, a Brazilian writer and video art curator based in London, UK. He holds a BA in journalism and an MA in film and television.

About Author

Walter’s contributions to CleanTechies over the past 4 years have been instrumental in growing the publications social media channels via his ongoing editorial and data driven strategies. He is the founder and managing director of Sunflower Tax, a renewable energy tax and finance consultancy based in San Diego, California. Active in the San Diego clean technology community, participating in events sponsored by CleanTech San Diego, EcoTopics, and Cleantech Open San Diego, Walter has also been a presenter at numerous California Center for Sustainability (CCSE) programs. He currently serves as an adjunct professor at the University of San Diego School of Law where he teaches a course on energy taxation and policy.

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