A bill to encourage the investment in, and installation of, solar heating and cooling devices in private homes, apartment complexes, and business establishments through low-interest, long-term loans guaranteed by a Solar Energy User Assistance Program, as a practical energy alternative to fossil fuel sources.
Solar Energy User Assistance Act - Establishes, as an independent executive agency, a Solar Energy User Assistance Program to provide financing for the purchase and installation of domestic residential solar hardware.
Provides that loans made for such hardware shall bear a three percent annual interest rate and be payable over periods up to 25 years.
Sets forth loan application requirements and requires equipment to meet the minimum standards developed under the Solar Heating and Cooling Demonstration Act of 1974.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
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