City Commissioner Randy Leonard is asking fellow City Council members to approve $375,000 in one-time funding for green building-related projects.
Leonard's proposal comes as city commissioners - and city bureaus - are lining up requests for chunks of the $28 million available in the city's budget for one-time spending for anything from community outreach to the arts. The fiscal year starts in July.
If approved, $250,000 would be used as loan money from the city to homeowners to help buy and install solar panels.
Federal and state tax credits, as well as considerable grant money from the Energy Trust of Oregon, can cut the upfront cost of a solar installation, sometimes as much as 50 percent.
However, since tax credits aren't taken until the following year, homeowners have to shell out thousands of dollars to get a system going. [Read more]
Tony Van Fleet
News briefs - Portland Tribune - Mar. 4, 2008