the same thing applies here. you can take what's called an epbb which is one of the world's great ack named called expected performance-based buydown which is a mouthful for rebate. the payment is by watt of capacity. so that's what you're going to get right up front to knock down the cost. if it was $25,000 or $30,000, that's a lot, but you get something knocked off. a lot of time the installers, the people that you deal with, the one stop shop that does the whole thing for you will carry the rebate for you. not all, but most of them do. so you don't even have to finance that and wait a few months to get it back from the state. they incur that floating finance charge for you. it's a real nice service and it lowers the cost right up front. so there is another incentive, two ways of lowering the cost. one is that rebate payment that i talked about with the state. this is from the federal

government, ok. this is tax incentives. you have to have tax liability. you have to pay taxes to make this thing valuable to you, but most people do. the law is written at 30% of the cost you can have a tax credit of 30%. let's talk about real numbers. what am i paying now and what am i going to be paying in the future? if i can make money today on my monthly payment and go green, why not? solar kind of reverses the effect. it's like tax brackets. the return on investment typically is higher if you got a big bill. there is also another thing about time of use rates. i want to go over it very briefly. it does have some effect and you will hear it about on your bid. the time of use rate is a way that you tilts are trying to help -- utilities are trying to manage their peak demand. you charge people more during peak periods. you make it up to them by charging the low market rate

off peak. this is off peak and you'll be charged a very low rate for it. at shoulder peak you'll be charged more. at on peak, you'll be charged the most, another shoulder, another off peak. so what happens is that your production looks like this on the hours of the day. you're going to produce more obviously during the suspect with peaking around noon. when you overlay the curve, they kind of look like this. so solar lines up very well with peak usage. remember when you're overproducing and selling during the day and buying at night, you can use this differential so you're selling high and buying low. that differential can actually use to your advantage depending on your lifestyle. ok, your paybacks ranges from eight to 18 years if you have to look at it that way from people who typically buy. the return anywhere from 5 to 15% or 18% or more on those big systems. so it's not a bad return for a very, very low risk investment.

let's say you have 7% on p.v., you're going green. if you got that from your stocks, your principal would be going into risk. so anyway, stocks can go down as we well know. this is very solid. monthly cash flow, let's talk about that. if you were to finance this by a home secured loan like i did on my home equity line of credit, that interest on that loan is tax deductible. if you do that and assuming that we have the same historical rate of escalation, you can start going cash flow positive from the first day. in other words your payback can be immediate, now. making money. are there any hidden costs? the inverter typically is has a 10-year warranty that will last about 15 years we're estimating and they're getting better all the time. the solar people will build that replacement cost into your financial analysis and maintenance. the only maintenance that i ever do on my panels is a keep

them clean when the pollen starts going. i don't live in a dusty area and i don't have birds nesting above the panels. i discourage that for obvious reasons. if they're tilted, you're going to be fine. on a real test, the maximum loss is around 7% even if they didn't wash them. most of the solar homes bought in the last five years and they're just starting to turn over. we're getting hard data on what this does to appraisal values. there has been some study that supports sort of the idea that, yeah, if two homes, all things being equal and the p.v. system looks decent, that if a home has $150 electric bill and this has a $10 a month, that going to be more valuable and have $140 available for mortgage payments, so you can pay more. we'll see if the figures will hold up. we need hard data to support that. it's very likely.

there is also another thing about home ownership, california passed a solar rights act which is basically a law that basically supports solar, but it's very supportive law for h.o.a.'s and homeowners association and other condo things that can't privilege allowsly oppose solar. it's hard to oppose on a don't like the look of it, obviously you want to get along with the neighbors, but the law is on your side. now you're thinking maybe i want to continue to do this. first off do the energy audit stuff and find an installer like you would do any other contractor. he takes care of the paperwork and the permits for you and floats the rebate. you just got to get one you like and want and sign those papers. how do you find an installer and how do you choose the ones you want? just like anyone else, you screen some people out, you do personal references, you check their website, you talk to them

about the basics and ask for the address to see if you have some good roof space. if you decide it's ok for a salesperson to come out, they'll do that for you. it's all free. if someone tries to charge you for bids, almost no one will. pass on it. i want to give you the key information that you need to compare bids properly. there is just one little area in there. there is a d.c. and an a.c. system size. i don't want to into details on that i want to make sure you get the right -- that's the only area of confusion that i have seen on bids that can affect the sales part of it. so first off, i want you to get the full price. that means the maximum you'll be charged. that includes any additional things that they may charge you because you have a difficult roof or steeply pitched roof or concrete tile or whatever they might see. you get that full price. that's before rebate, before tax credit. then you take the system size in cec, california energy commission a.c. watts. that term is understood by the

people in the industry. that means they use the c.e.c. ratings to determine the a.c. wattage. you get the per watt price. you divide this by this. you get the price per a.c. watt. you want to ask about permit fees as well. each city typically will charge fees. now those fees are coming down and we're working very hard to get them standardized and clear. there is some cost. sometimes the installers will pass that on to you. ask how they're dealing with it. you say, ok, what's my watt. let's see it was four d.c. but you'll have 18% less here, so that's the number you want, you divide this by that and you get that. so this would be 926 a watt. therefore, you can compare apples to apples. they have a standard calculator that they use on the web and they include that printout on your bid and they have to file that printout in your rebate application. so there is another possibility

of lowering costs, the group buy. when i went, in i went in with a bunch of friends because i thought i wanted to bring people in because i knew all of these people, these greeny homeowners that were needing to walk the talk and because i brought a lot of businesses vendor, they lowered all of our price because this economy is of scale. maybe that price can drop 50 cents a watt or more. that's another idea. there are ones that are just beginning where you can actually lease the system. you don't have to put any money up front at all. somebody else will own the system for you. you may pay an upfront cost a little bit that is less than what you might pay normally or some of them may not at all, depending on how they can make the finances work. the whole goal is to try to get you into p.v. with the least amount of resistance possible. instead of paying maybe the utility per month, you're going green and paying somebody else. thank you very much for your time. it's a pleasure. i'll take questions and i'll be

here afterwards as long as you need me. thank you very much. [applause] >> so that's it, solar basics. first we talked about the technology, how it works and how it all hooks together. then we talked about net metering and how that makes solar easy and worry-free and finally we talked about the incentives from the state and the federal government that lower the cost and makes solar affordable. for further information visit our website or come visit us in person. all the classes at the pacific energy center are free of charge. thanks for showing us an actual system being installed and thank you for being with us. hope to see you soon. >> did mor.

i am delighted to welcome you to

the richmond library. it is a wonderful space. thank you. [applause] i'm very honored and feel very privileged to have the library be at the center of the selection for san francisco's poet laureate. this is my second experience under mayor nredom, -- newsom. i want to thank you for a couple of reasons. first and foremost to bring the announcement to the richmond. it is an opportunity to preview this beautiful library opening tomorrow, a grand reopening of the richmond library. the first in the city, from 1914 cricket -- from 1914. this is no. 10. we are on a roll.

secondarily, it is a port -- important because the poet laureate has a tradition people, and this library -- what better place to celebrate the announcement are new:gloria? with me, gavin newsom, who will do the honors. >> it was an extraordinary commitment the public made when it passed not one bond, but two bombs. what a contrast is to be in san

francisco in spite of this huge budget challenge where we are actually expanding our hours of the last 12 months, of expanding them on the evenings and on sundays and investing in unprecedented amounts of capital and improving the physical conditions of the library. we're proud of that, and it is important to reflect on that. i do not know of another city that can lay claim, so i am proud to be here and thankfully to the time to be here and it is an honor for me. it is the second time to appoint a poet laureate to our city, and this is going back to the previous administration, when lawrence ferlinghetti took the baton. he has now passed it on, officially, from jack kirsch men to diane as our fifth poet

laureate. you would have thought that it must have gone on longer. but i am proud of it. as was jack, and i do not see him here, of his stewardship. jack and i did not always agree on every issue, and i went into this with some risk that i would be scorned even after appointing him. i would never have appointed him if i thought it would change his tenor. quite the contrary. i have admired him even more because he did an outstanding job as a steward of that position and really democratized the position even more reaching out into the neighborhood and also reaching out around the world in international issues,

internationalizing our status. that is really important, raising the bar, also. he had a strategy of going deep into the community and broadening debt strategy in a broader context. i look for to extending that tradition which our new po gloria. i have had the privilege of reading through not only poetry but a lot of opinions that opinion-makers have, and lot of letters, and lot associated with this. we have asked them to go out and consider who the best candidates with the, they came back, and it is never an easy decision. with the names come stacks of books. they allow you no time to read through, but plenty of

information is provided. these commissioners go through as well and basically, they either reinforce or redirect the work group tasked with identifying key names. our poets laureate we are announcing today is familiar to me not just in this round but was also right there with jack as a name that i was going back and forth for as it relates to the decision we made a number of years ago. and you never know with the right decision is. but i in deed was a very pleased to see his name back in the mix, because i felt horribly guilty. it was a tough decision last time and i just thought because jack is so negative in my campaign, it is so corporate that he be the right person the first time.

i do not want to say that is as simple a decision, but he deserved it, but we also thought we would go there first. so i was very pleased, as i said, to see diprima. i have learned so much about your background and history and family and wanted to share a little of that with you. i thought i would write some things down so i would get it right. some of them you do not want to hear, most of them you do. for those of you unfamiliar with diane, she was going in brooklyn, new york, 190034, not too many years ago. second generation american of italian descent. she began writing at age 7. she probably was ready before then, but formally at age 7 committed herself to a life of

poetry. she found what she loves. she lived and wrote in manhattan for years and became very well known as a writer of the beat movement. for the past 34 years, she has lived and worked, wisely, in northern california. 68. that is about when i started life. [laughter] so, for the past 40 years, she took part in political activities with the diggers. she studied zen and tibetan buddhism, sanskrit and alchemy, raised five remarkable children.

unbelievable. an author of remarkable 43 books. there on my desk, as well, including "pieces of the soul. " her language has been translated, and she received an award of lifetime achievement in 1993. congratulations. well done. in the spring of 2000, she was a master poet in residence at columbia college in chicago. in 2002, issue as one of three finalists not just for this position but the primary position in our great state of california. allen ginsberg wrote a wonderful few words about it.

i struggle to read it. i want to appreciate it. how revolutionary activist, 1960's beat literary renaissance, a road in life and politics. humorous, both union -- bohemian, 20 century radical, the equanimity exemplary in political and mystical moats. a great woman poet, the second half of the american century. she delivered a major body of verse, brilliant in its particular day. as a dyslexic, those words were more difficult than they may appear. particularity. i love that. it is an honor to formally announced we already informally announced, our fifth pole of

laureate in our great city and county of san francisco, diane diprima. congratulations and welcome. [applause] >> wow, look at all of these folks. are any of you one of my five kids? [laughter] i just wanted to be very brief, because we're going to do a more formal inaugural thing, and inaugural event, so i'm not going to take a lot of time now. there is a lot of stuff going on at 11 in the morning in san

francisco. people have to do this and that. so, ok. chris, i want to thank you very much. it is very wonderful to follow lauren, devora major, and jack hirschman. what a group. i really am awed. i cannot remember which marian was that gave the keys to the city to robert duncan. those were the days before we had poet laureates, but there was that one acknowledgement. i wanted to remember that. and libraries. i would be dead if it were not for libraries. they were shelter, information, everything he could not find out of school -- you could not find

out at school. a place to be. in second grade, my father took me six blocks from my house to the carroll street library and home again. shhe said, "you have your card. you are on my own." that was a delightful experience. i started to read my way through sections, and that is what i would do, until i discovered poetry and then i did not read my way through any other section. in a poem, you could hold inconsistency. i could not understand what it bothered with fiction. i read some and liked it, but the world was so much more complex than any fiction book i ever read except maybe the tale of benji. it was where you could go when

it was too late in the house, which is, having an american family -- 99% of the time it was too crazy in the house. it was good to have that. i am hoping to do lots of stuff in libraries. my dream is to do things with little kids, things look older people, and having a right to write. i'm hoping to be able to do some of that. i am here -- i hope i will be here to serve the city. this is a great city, and in 1961 i had flown out to visit michael mcclure and stay with him. i was a single mother and came out on a prop plane that was

supposed to get me to san francisco but got me to burbank, a little distance away, with a 4-year-old daughter. and i knew this was where i needed to be. coming and going was -- it was in my books. a move that permanently and thought of it -- my crazy husband, we took him back to the east coast. i shipped him to india and moved back out. i got a house at the panhandle of the park for $300 a month and have been here ever since. i think of it as the city, but the city to meet its most the people. very, very, very different kinds of people and poetry happening,

all of the music and arts. it is just a wonder. you can never be board here. you can never not find out something. i am willing to jump into that and be of used to it. and most of all, to just serve poetry. i had a dream a week ago. it was shown to me that all the work ever written is -- we are writing on the same, one, big piece. and it does not matter where we stop, because it is like, oh, my god, i have to finish this section, this big piece. and it is happening. we're already on this huge monster peace in time and space and have no idea what it is. it is so wonderful. and so, my deepest services to poetry and humans and i think i

can be used to that and useful to people. [applause] i will read only two polls. one of when is remember the sense of being here in the 60's, when the first parts -- last night, my son or my car and went down to somewhere. that is probably why he is not here. this is a poem for pigpen. and then i want to rea

signature 0, col grant. so this is just worn out. can i have that water? thanks. for pigpen. at the edge of the tongue, at the edge of the brain, it was velvet at the edge of history. sound was light like tracing leters with your toe on the ballroom. they came and went, guests, like the great gatsby, and wondered at the music. aurora borealis over a cemetary, a bark, a howl. at the edge of history, and

there was no time. shouts traced circles of breath, all futures. time was light and sound spilled out of it, flickered and fell under blue windows, faults gone and too much wind. we come round, make circles, blank as a clock, still velvet damage on the edge of history. >> and this belongs to a book on evolutionary letters. it is called grandpa. -- it is called "rant." the word palace was a