City's Landmark Solar Plan Is Hot, Hot, Hot

Friday, Dec 5, 2008 | Updated 11:43 AM PDT

San Diego is set to unveil a state-of-the-art program solar program to help local residents pay for systems to power homes and businesses, according to a published report.

San Diego is set to unveil a state-of-the-art program solar program to help local residents pay for systems to power homes and businesses, according to a published report.

Mayor Jerry Sanders is set to announce the program at 1:30 p.m. at a solar-powered home in La Jolla. Under the plan, home- and business owners would – over 20 years -- be able to pay for the necessary equipment through their property taxes, the San Diego Union-Tribune reported. In other good news for people interested in installing solar power, the federal government will hike tax credits -- to 30 percent – for property owners.

Currently, the federal government offers a tax credit of up to $2,000 for homeowners.

Read the Union-Tribune’s “Solar Plan for San Diego” story for more details.

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