Posted May 15, 2012, 10:56 PM
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Registered User
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Join Date: Apr 2006
Location: Country Club Park, Greater Coronado, Midtown, Phoenix, Az
Posts: 4,610
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Well this isn't "development" in the sense we normal think, new buildings and such, but it sounds like a good thing anyhow...
http://www.pv-tech.org/news/phoenix_...ramme_unveiled
Quote:
Phoenix, Arizona US$25 million solar programme unveiled
In Arizona up to 1,000 homeowners could receive access to affordable solar power.
US Energy Secretary Steven Chu and Phoenix, Arizona, mayor Greg Stanton unveiled the details of a US$25 million programme to allow affordable solar power access to 1,000 Arizona homeowners. The second phase of the US’ largest city-sponsored residential solar financing program launched today thanks to the cash infusion from the National Bank of Arizona (NBA). The program is estimated to generate 234 direct and indirect jobs.
Solar Phoenix 2 allows qualifying homeowners throughout Arizona who are within the APS (Arizona Public Service) and SRP (Salt River Project) service territories, to install a solar system on their home with no upfront investment. Homeowners simply pay monthly to lease the equipment and enjoy the clean solar electricity the system will generate.
The program takes advantage of a new solar lease, which also provides a performance guarantee and covers all system maintenance. The homeowner's monthly payment for the solar electricity is typically lower than their previous electricity bills, and depending on their usage, customers are expected to see up to 10 to 15% utility savings per month.
"Solar Phoenix 2 leads the way for a brighter and more secure energy future, a future for which I, as mayor, intended to aggressively advocate on behalf of our residents," Phoenix mayor Greg Stanton said. "We are tapping into Arizona's greatest resource, we're making solar happen and we're creating real jobs in our city. Solar Phoenix 2 reaffirms that Phoenix is the definitive place for investment in solar energy and opportunity and for a sustainable and successful economic future."
"As Arizona's largest community bank, we are committed to economically sound and safe lending practices as well as bringing a sustainable future to the communities we serve," said Craig Robb, managing director of National Bank of Arizona and Zions Energy Link. "The pursuit towards sustainable energy independence for the masses is a long road with the biggest challenge being the cost of capital and availability of financing. Our $25 million commitment to support Solar Phoenix 2 is part of a long-term vision to help overcome the barriers to entry for solar power."
The original Solar Phoenix program, that was only available to Phoenix residents, was announced in November 2009 and ran throughout 2010. In one year, the program provided over 400 residential customers with a solar energy solution, generated approximately 2.8MW of power and deployed over US$26 million into the community.
The program is a collaboration among the city of Phoenix, National Bank of Arizona, Arizona Public Service and SRP Salt River Project.
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