Solar loans pushing clean energy upgrades

Property assessed clean energy loans are helping homeowners go green.

Over the past couple of years many homeowners are turning to Ygrene Energy Fund loans to make clean energy upgrades to their homes, and some are already starting to see some big savings on their electric bills.

“Right now going through the entire summer I think like the total that we owe is like 160 bucks or something,” say Chuck Hull who had solar panels installed on his home six months ago.

Hulls says they would have been paying about $450 a month without the panels.

“The solar market is huge right now all the energy efficient models are really growing right now,” says David Kelly the National Sales Director for Ygrene Energy fund. “Nearly every contractor in the Coachella valley is a a Ygrene certified contractor,” says Kelly.

“With the ever increasing price of electricity and with my air conditioning bills climbing every month, I needed to do some thing different,” says Gretchen Gutierrez who had solar panels installed on her home in Cathedral City. “I went thought the Ygrene Project here in the Coachella Valley and have installed both solar and new air conditioner on my home,” say Gutierrez.

It’s not just solar panels people are buying with these loans.

New air conditioning, new duct systems, air sealing the homes to make it tighter, more efficient as well as insulation radiant barriers,” are being insatalled according to Skip Wintter, Home Performance Manager with the General, Air Conditioning and Heating.

“We have an a abundance of sunshine we do have high bills we also have a lot of people with the mind set to do something about the environment,” says Nate Otto, owner of Hot Purple Energy. They install solar systems in the Coachella Valley.

“Solar financing really is the back bone of the solar explosion in California not just in the Coachella Valley,” says Otto.