“Virtual” Mello-Roos Districts for financing solar:
I don’t think I’ve seen this mentioned yet on this thread. From what I understand, AB 1709 allows for the creation of virtual Mello-Roos districts for financing solar. The idea is to use the preferred financing rates that cities and counties can command (perhaps used to command?) to finance solar installations on participating homes and then have a 20 year assessment against that home until paid in full. In theory, this provides lower rates and also automatically transfers the financing of the solar to a future owner should the current owner sell before the installation is paid off.
