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Solar energy financing program will target low-income neighborhoods

Solar energy financing program will target low-income neighborhoods

Baltimore signed an agreement Tuesday with the U.S. Department of Energy and the Maryland Clean Energy Center to develop a financing model to make solar energy more accessible to low-income residents.

Existing financing options for installing solar panels require a large up-front investment or high credit ratings, which can be prohibitive for many low-income homeowners. Details of Baltimore's financing model are still to be determined, but city officials said the goal will be to eliminate some of the barriers that prevent low-income residents from making the investment — as much as $15,000 for a typical Baltimore rowhouse.

"We want to prove the clean-energy...

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