Palm Springs & Desert area Real Estate

Palm Springs Area Real Estate Sales.

RUSSELL HILL, Realtor, HomeSmart, 760.898.8399; russell@poolsidewithrussell.com,DRE 1427657

Tuesday, July 22, 2008

AB 811 is California law



Assembly Bill 811 is now California law. The Desert Sun ran an article today. Read the article HERE.


AB 811 allows municipalities to provide low-cost loans to homeowners for the express purpose of installing solar panels and/or purchasing/installing an energy efficient A/C, windows, etc. The loan gets placed on the property's tax roll as an assessment. The loan is paid off over a 20 to 30 year period and can be paid off early if desired. If a homeowner decides to sell their home during the repayment period, the assessment can be paid off at transfer, or the new owner can assume the assessment.


I think this is a great law that, hopefully, will result in more solar panels on top of desert homes. I believe, too, that those homes with solar panels will be attractive to future buyers and will likely bring higher sales prices. I look forward to negotiating the sale of a home that has a "solar assessment" attached to it!

What do you think about this new law? Do you plan to take advantage of the opportunity when Palm Springs institutes its program? If you're a resident of Palm Desert, you will have the option soon!


Russell Hill 760.902.3121, RussellHill.net

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