Fiscal Note
Budget authority is available in Account 10773-401-200.
Title
Establishing a Solar Loan Program.
Body
Whereas, the City of Madison has, since 2007, been a Solar America City and is committed to promoting solar technology adoption at the local level,
Whereas, the City of Madison has been an active participant in the Grow Solar Wisconsin coalition,
Whereas, Grow Solar Wisconsin’s mission is to make solar cost-competitive with other forms of energy by the end of the decade,
Whereas, a favorable combination of Focus on Energy renewable energy incentives, a 30% federal investment tax credit, declining system installation costs, and rising customer demand will ensure a strong market for distributed solar generation through 2016,
Whereas, the City of Madison’s Sustainability Plan contains a goal to achieve a 80% carbon emissions reduction by 2050,
Whereas, the continued expansion of solar generation will enable the City of Madison to reduce its greenhouse gas emissions,
Whereas, the City of Madison’s solar program, MadiSUN, has helped hundreds of businesses and thousands of residents learn more about solar energy,
Whereas, hundreds of residents and business have received free solar site assessments from MadiSUN to determine the potential and estimated cost of on-site solar energy,
Whereas, MadiSUN has organized and offered residential solar group buying programs to spur on-site solar use across city neighborhoods well as drive down installation costs,
Whereas, 35 homeowners have participated in prior MadiSUN’s solar group buying programs, collectively installing more than 127 kilowatts of solar photovoltaic capacity on their residences,
Whereas, the offer of additional residential solar group buying programs would further drive down installation costs in Madison,
Whereas, the Sustainable Madison Committee has recommended the continuation of group buying programs in Madison,
Whereas, a solar loan product available to residents of Madison through a pr...
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