San Francisco could offer credits, rebates to promote solar panel usage

It's hard to deny San Francisco's infatuation with solar power, and a new plan could further showcase its adoration for the sun (and Mother Earth, too) by throwing out tax credits, rebates and even loans for individuals and businesses that choose to equip their buildings with solar panels. Under the proposal, businesses would reportedly be "eligible for rebates of up to $10,000," while residents could fetch somewhere between $3,000 and $5,000 to help offset the high cost of installing panels. Furthermore, the city itself would underwrite loans that could be paid back "through annual tax assessments on properties." As it stands, the plan still has to be approved by voters and legislators, but Mayor Gavin Newsom is aspiring to have the whole shebang in place by next summer.

[Image courtesy of San Francisco Sentinel]