Loans for solar to schools: Two schools in California will soon make electricity from the sun thanks to low-interest loans from the California Energy Commission. Sonoma State University got a loan of US$157,300 for a rooftop 68 kW photovoltaic (PV) system that will not only produce renewable power, but its PV roof tiles will also help reduce cooling needs. As a result of the new installation, the university expects to save US$17,500 per year in electricity and repay the loan in 9 years.
The Sacred Heart School of Saratoga will use its loan to install a 59 kW PV system at the school , allowing the school to become self-sufficient in its electricity use and reducing the school's energy bill by more than US$17,000 a year. The school can repay the loan in nine years.
The CA state program provides low-interest energy loans to local governments, public and private non-profit schools and hospitals, public care institutions and other agencies. 3:30:02 PM