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Solar financing program warrants further scrutiny

By Jay Fidell

POSTED: 01:30 a.m. HST, Jul 08, 2014

~~<p>GEMS, the Green Energy Market Securitization program proposed by the state Department of Business Economic Development and Tourism, raises serious questions and should be a serious campaign issue. Do we really want the state to get into the banking business?</p>
<p>Two years ago the Legislature authorized on-bill financing, where utility bills would include solar loan payments. On-bill financing has been vetted by an array of stakeholders. It's just about ready to be launched but has regrettably become entangled with GEMS.</p>
~~

GEMS, the Green Energy Market Securitization program proposed by the state Department of Business Economic Development and Tourism, raises serious questions and should be a serious campaign issue. Do we really want the state to get into the banking business?

Two years ago the Legislature authorized on-bill financing, where utility bills would include solar loan payments. On-bill financing has been vetted by an array of stakeholders. It's just about ready to be launched but has regrettably become entangled with GEMS. Login for more...



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