Vice President Joe Biden recently announced that the federal government will be creating a program called Recovery Through Retrofit that will assist local governments in setting up solar financing programs like the Berkeley First solar financing program.

Berkeley’s program eliminates the upfront cost of installing solar by setting up a tax district where the system is payed off over 20 years through the property taxes.  San Francisco is also setting up such a program and it is slated to roll out in early 2010.

SunWater Solar is pleased to see cities across California and the U.S. move toward this financing structure  as it will enable many more people to use the renewable energy of the sun to heat their water.

See  more information on the Recovery Through Retrofit Program in an article from the San Francisco Chronicle.