"UNCERTAINTY AND MYSTERY ARE THE ENERGIES OF LIFE."

And while the Bond market may agree with R.I. Fitzhenry's words about uncertainty, most investors in the Stock market don't... just ask Fed Chairman Ben Bernanke. Last week, Mr. Bernanke testified before the Senate and House Banking Committees, making several cautious comments on the state of the labor market and inflation, as well as stating that the Fed would be ready to take action should economic conditions worsen. But the comment that spooked Stocks and helped Bonds was when Mr. Bernanke said the economic outlook is "unusually uncertain." Stocks hate uncertainty but Bonds usually perform well as a safe haven, so Bonds and home loan rates improved upon the utterance of these words.

Mr. Bernanke also stated that one way to normalize the size and composition of the Federal Reserve's securities portfolio would be to sell some holdings of agency debt and Mortgage Backed Securities. And an article in the New York Times concurred, stating that the Fed’s MBS holdings are already problematic and put the Fed in a tough position where it may find itself having a conflict of interest - and here’s why.

While inflation is subdued for now, it’s only a matter of time before the Fed will need to hikes rates in order to keep inflation controlled. But any hike in rates would cause the Fed to lose significant value on their Mortgage Backed Security holdings. So the tough question is... how will the Fed act, in light of this conflict?

Remember, the Fed purchased $1.25 Trillion worth of Mortgage Bonds, as well as several hundred
Billion in Treasuries. Those purchases helped drive rates down towards historic low levels - and yet the housing market is still not entirely healthy. So this also begs the question, what would cause a different result? One perspective is that the Fed - like many in Washington - missed the point. The problem is not that rates need to be lower. Many individuals already want to purchase or refinance at today’s low rates, but are unable to do so because of tighter underwriting guidelines, as well as low valuations. A perfect example is the "no income verification" loan - which has been cast in a negative spotlight as a "liar loan" and virtually
eliminated. But there has been a good track record for those loans in the past when underwritten properly. If the government were to direct some resources towards reestablishing some of these more reasonable lending tools, the results might be better.

Instead - the sweeping Financial Reform Bill was signed into law last week, and the implications of this 2,300-page legislation are sure to be broad. Former Fed Chairman Alan Greenspan himself said that every page appeared to be loaded with unintended consequences.

But the Federal Reserve and Financial Reform are only part of the picture. Mortgage Bonds and
home loan rates are also impacted by global financial news.

In fact, just last week the Bank of Canada raised rates by .25%, up to .75%... and this could have a major implication on our Bonds. Part of the reason home loan rates have dropped so much has been the currency trade, where the Euro has weakened against the Dollar. Europeans have been taking advantage of the currency trade, and parking money in the US - much of which is in our Bonds. But now, with Canada’s improving economy and slightly higher rate environment, their yields might not only be more attractive for Europeans, but their currency may provide a more lucrative option as well. And the sell-off in our Bonds early last week could have been somewhat due to traders anticipating this move by the Bank of Canada.

Another story of uncertainty is developing in China. China's reserves, which are held mostly in US Treasuries as well as Mortgage Backed Securities, stand at $2.5 Trillion. But last quarter marked the first time in a long time that these holdings did not increase. Does this mean that China is slowing their US debt purchases? I will be keeping close tabs on this because a slowdown in US debt purchases from China could adversely impact the Bond market, as their purchases have also contributed to the low rate environment in the US.

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Please join us at Aucocisco Galleries this Saturday, July 31st at 11:00am for a special 'Artist Meet & Greet' event featuring Hilary Irons! Hilary's presentation will address her current body of work, about which she writes: "I am interested in the diversity of visual expression that comes from the interpretation of natural forms...I use the tension between modes of understanding the natural world to create images that confirm and deny our expectations at once." Hilary will also be presenting a portfolio of specially priced works that will be available for purchase during the event. This unique, informal and informative event will provide you with a distinct opportunity to interact, learn and ask questions about Hilary's work, while also providing you an opportunity to purview and purchase affordable works of art. FMI or to RSVP (recommended), please contact gallery manager Ashley Kuntz at (207) 775-2222 or manager@aucocisco.com

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Sgt. Johnsey & Sgt. Betters Benefit Memorial Ride Saturday

The City of Portland will host the second annual Sgt. Johnsey & Sgt. Betters Benefit Memorial Ride from Portland to Naples. Organized by Portland Police Lieutenant Janine Roberts, the motorcycle ride raises funds for the children of two Portland Police Sergeants, Rob Johnsey and Rick Betters, who passed away unexpectedly two years ago. Motorcycle enthusiasts are welcome to participate in the hour and a half long ride through Portland, Westbrook, Gorham, Standish, Bridgton, ending at Bray’s Brew Pub in Naples.

Participants can register the day of the ride, $20 per bike and $5 for passenger, or can mail a contribution to 14 Mayfield Street, Portland ME 04103. Make checks payable to “The Sgt. Johnsey & Sgt. Betters Benefit Memorial Ride”. All proceeds will go to the families.

Sgt. Robert “Rob” Johnsey was hired as a Portland Police Officer in August 1999. During his nine year career with Portland Police Department, Rob served as a K-9 handler, Crisis Intervention Team (CIT) officer, and was promoted to sergeant in January 2007. Prior to working for Portland, Rob was a Deputy Sheriff in Collier County, Florida and a member of the Army National Guard. In May 2008, Rob died due to an accidental gun shot wound to his femoral artery. He left behind his wife, Carol, and his two children, Rachel and AJ.

Sgt. Richard “Rick” Betters was hired as a Portland Police Officer in October 1985. During his twenty-three year career with Portland Police Department, Rick served as a patrol officer and team leader of the Department’s Special Reaction Team (SRT). He was promoted to sergeant in February 1999. Rick died of a heart attack at the age of fifty-two in January 2009. He left behind a wife, Jessica, and two daughters, Alexi and Pheonia.

When: Saturday, July 31, 2010

9:15 – 10:45 AM - Registration

11:00 AM - Ride start time

Where: Parkers Restaurant

1349 Washington Avenue, Portland

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Free Concert at the Eastern Prom

Outdoor Summer Concert Series Underway
(information/cancellation program hotline: 207-756-8130).

NOSTALGIA NIGHT AT FORT ALLEN PARK GAZEBO (EASTERN PROMENADE)
Concerts last approximately one hour.
Thursday, July 29 7:00 PM Chandler's Band Concert - Sponsored by the Willey Trust

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street Portland, Maine 04101
207-775-2121 Office 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

See Sara Cox in concert at the Western Prom!

Free Outdoor Summer Concert Series!
For more information about the concerts held at the Western Promenade and the Fort Allen Park Gazebo. (information/cancellation program hotline: 207-756-8130).
SUNSET FOLK SERIES AT WESTERN PROM PARK
Concerts last approximately forty minutes (If there is inclement weather, the concert will be canceled).
Wednesday, July 28 7:30 PM Sara Cox

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street Portland, Maine 04101
207-775-2121 Office 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Healthy Sweets and Treats

If you are anything like me, your otherwise healthy appetite is unfairly tempted in summer by soft serve, refreshing sugary beverages, and salty party snacks. Increased temperatures surely encourage these cool culinary desires; the same scorching climate can zap energy needed to burn off the calories from sweet indulgences, and the combination makes for an unhealthy poolside waistline.
When enjoying all the pleasures of summer, consider amending some of your traditional food and exercise habits to maintain a healthy and sleek physique—at least until the holiday season arrives. Click here to read the rest of this article... http://www.yourhomeandlifestyle.com/pages/article/YHL_JUL_10_04/18979/index.html
John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street Portland, Maine 04101
207-775-2121 Office 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

8 Tips Toward Unpluging on Vacation

You have your iPhone, your BlackBerry, your Android. You have your laptop or netbook with wifi. It's hard enough to unplug for the weekend...let alone an entire vacation. But for your own sanity and even that of your coworkers, you need to. There's no reason to take a vacation only to spend it working. The beach might be great, but think about how much better it would be if your phone was left in your hotel room.

Vacations are meant to help employees recharge so they can return to work re-energized and refocused. But if you're constantly checking in with the office, you won't get a real break.

To help you unplug and look forward to your vacation, here are eight tips from CareerCast.com:

1. Plan ahead. Coordinate your vacation time with your co-workers, team and other executive staff to ensure that things run smoothly while you're out.
2. Designate your main point of contact and give them a detailed account of all your projects and work commitments along with your emergency contact information.
3. Try to leave the majority of your work-related hardware at home.
4. Inform your key accounts, vendors and clients when and how long you'll be out of the office.
5. If you have a lot of projects that will need attention while you're out, consider distributing your projects among your co-workers or team.
6. If you can't resist the temptation to check in, try to set up specific times or days you will be checking messages.
7. Leave your mobile devices in your room so you can concentrate on family and friends and not be tempted to check in during the day.
8. If you receive urgent voicemails or emails while you're out, ask your main point of contact troubleshoot the issue.

Remember, your health is important, and taking a vacation may be all the help you need.

Originally posted HERE at RIS Media.

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Renters Have Rights

During the many years that I rented apartments and houses, I can count on my index finger the landlord who fixed things the same day, waited patiently when my rent was a few days late, pro-rated my last month's rent when I moved out early and returned every cent of my deposit. I think of him every time I make my outrageous mortgage payment or write a check to the plumber for his weekly visit. There is definitely something good to be said about renting from a saint.

But not every landlord is a saint. Far from it. To learn about your rights, I recommend a book called "Renters' Rights" from the legal experts at Nolo Press, which has been churning out self-help legal tomes for decades. The authors are lawyers who explain arcane laws in a way that laymen can understand.

You'll get tips on how to explain a not-so-stellar credit report, how to negotiate the amount of your security deposit, what to do if your roommate isn't living up to his share of the deal (short of tossing him off the roof), how to understand that you probably can't have a steel drum band in your living room and other limits on your behavior, and the times and reasons that a landlord can enter your apartment.

You'll find a sample letter you should write when you finally get your apartment (mentioning the fact that the landlord has agreed to your having a set of Dobermans, along with the deposit he's agreed to waive. In short, there is a chapter or long paragraph on just about every situation that arises when you rent a house of apartment. All in terms you'll understand,

You may not find a saintly landlord or property management company, but at least you'll be able to figure out how to exercise your rights.

Originally posted HERE at RIS Media.

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

New Portland Listing - East End Condo

Hard to find East End "Loft Style" carriage house condo with open living, high beamed ceilings, exposed brick, newer kitchen with granite, new bath, laundry, parking. Currently used as a 1 bedroom.
John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street Portland, Maine 04101
207-775-2121 Office 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Painting 101: Great Tips for Taking on Your Home This Summer

The summer is a great time to take on outdoor projects--gardening, fencing, etc. But sometimes it’s also nice to get a break from the heat…step inside and think about refreshing those walls inside the home.

But do you know where to start? What to buy? How to actually paint?

Here are eight tips from Lowe’s on how to get started on a painting project:

1. Choose top-quality rollers and brushes for a great finish.
2. When using two or more cans of paint, mix them together in a separate bucket to ensure uniform color.
3. When painting along edges with a brush (“cutting in”), spread paint far enough from the edge for roller strokes to cover brush strokes. Do not cut in a whole room at once. Instead, do 3- or 4-ft. increments, and then roll.
4. Never stop painting in the middle of a wall for an extended period of time. End at a natural break to ensure uniform color and coating.
5. Create a smooth, blended look by rolling from just-painted areas to unpainted areas. This technique is called keeping a “wet edge.”
6. Roll paint on in a 3-ft. by 3-ft. W-pattern and fill in open areas using horizontal strokes.
7. Remove painter’s tape before paint is dry to reduce peeling.
8. For more tips, advice and inspiration, visit Lowes.com/Paint.

Originally posted HERE at RIS Media.

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Easy Ways to Make Your Home More Eco-Friendly

Homeowners across the country are continually striving toward a more eco-friendly lifestyle. While homeowners may not know where to start, there are small steps that can be taken that can add up to make a big difference.

The experts at OurGreenerLife.com offer the following tips to help you lessen your eco footprint.

1. Use less water
Saving water is all about small steps. Here are a few simple ways that will help you conserve water while saving money.
-Shut off the water while you brush your teeth
-Take showers that are a minute or two shorter
-Only run full loads of laundry and dishes
-Buy from sustainable producers. These are farmers, ranchers and other producers that use techniques that pollute less and use less water. You can do some research online or ask at your local organic market to find these products.

2. Use less energy
If you don’t have the money to buy a hybrid car or convert your house to solar power, you can make a big difference with the following small changes.
-Buy energy efficient appliances. They may be more expensive, but make up for the increased cost in lower energy bills.
-Unplug chargers when you’re not using them. Cell phone and other chargers use up power even if there’s nothing attached to them.
-Put devices with remotes, like TVs, VCRs and stereos on a power strip and turn the power strip off when you’re not using the devices. These gadgets use a lot of power to run the remote receiver even when the device is off.
-Walk or ride your bicycle for short trips.
-Buy local products. It takes energy to transport food and other products across the country. Buying local not only supports your local economy, it helps them use less energy.
-When it comes to saving energy and water, it’s a great idea to get the kids involved—you can even make it a game. Have them track how much water and electricity everyone is using and compete to see who uses the least.

3. Reuse
Most of us know the three R’s: reduce, reuse, recycle, but when we work on conserving, we often leave reuse out of the picture. While you can often find tips on how to reuse common products from other people, what you need most is creativity. With a little thought, there are many items around your home that can be reused—toilet paper holders can be used to sow seeds for the vegetable patch, old yogurt containers can be cut into strips to make plant labels and old food jars can be refilled with homemade foods or can make great impromptu vases.

4. Use environmentally friendly products
When you go to the grocery store, you probably see more and more ‘natural’ or ‘eco friendly’ products every time. There are generally two big problems with these products: Just because they’re more natural than regular products, doesn’t mean they’re entirely natural and they’re often expensive.

If you want inexpensive, natural, safe products, why not just make them yourself? Vinegar is a great way to clean and disinfect glass and other surfaces. Need to remove stubborn stains? Just add some baking soda to your vinegar cleaner. Some quick searching online will lead you to hundreds of other natural safe home-made cleaning products.

Originally posted HERE at RIS Media.

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

New Scarborough Listing with water views

New England style farmhouse completely renovated in'07, currently being used as a duplex with a four bedroom & three bedroom units. Rentals are seasonal with $5,400 total weekly income. Can easily be converted back to a single family. Water views!

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street Portland, Maine 04101
207-775-2121 Office 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Living Together, Loving Together, Divorcing Together?

Earlier this year, the Onion News Network, the video arm of the fake news empire, ran a story with the classic funny-cuz-it's-true headline: "Nation's girlfriends unveil new economic plan: 'Let's move in together.'"

"In a recession it just doesn't make any sense for two people who say they love each other to pay separate rents," the policy director of the so-called "Girlfriend Leadership Committee" testified before Congress.

While the satire poked fun at gender cliches — commitment-hungry girlfriends nagging reluctant boyfriends — it's worth noting the larger issue behind the joke: Couples increasingly are living together before marriage, either to save money, spend more time together or test potential marriage compatibility.

For the more than 60 percent of Americans who live together before their first marriage (some experts say it's closer to 85 percent), it seems like a harmless, and even wise, step for the divorce-wary.

But much of the research suggests otherwise.

Researchers for decades have churned out studies showing that living together before marriage leads to greater risk of marital discord and higher rates of divorce. The "cohabitation effect," as it is called, used to be blamed on the notion that those shacking up were unconventional risk-takers who were not as committed to marriage in the first place, while those who waited until marriage to cohabit were more traditional or religious types unlikely to divorce no matter how tough the going got.

Today, cohabitation is the norm, not some risque arrangement, and while the impact isn't as pronounced as before, recent studies still show it can negatively affect a marriage. (While not everyone is after a ring, 75 percent of people who cohabit do intend to marry, studies show.)

According to a March report from the National Center for Health Statistics, which was based on the 2002 National Survey of Family Growth, men and women who lived together before they got engaged were less likely to reach their 10th anniversary than those who didn't. Among men, 53 percent who cohabited before they got engaged made it to the 10th year of marriage, compared with 71 percent who moved in together after engagement and 69 percent who waited until marriage to live together. Results were similar for women: 55 percent of pre-engagement cohabiters made it to 10 years of marriage, compared with 66 percent who waited to move in until engagement and 65 percent who waited until marriage.

Read more HERE at RIS media

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Free Concert at the Western Prom

Outdoor Summer Concert Series
The concert will be held at the Western Promenade and the Fort Allen Park Gazebo. (information/cancellation program hotline: 207-756-8130).

SUNSET FOLK SERIES AT WESTERN PROM PARK
Concerts last approximately forty minutes (If there is inclement weather, the concert will be canceled).
Wednesday, July 21 7:45 PM Mark Farrington

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street Portland, Maine 04101
207-775-2121 Office 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Come meet your neighbors! Back Cove Block Party

Back Cove Block Party August 8
The Back Cove Neighborhood Association (BCNA) invites families and individuals living in or near Portland to the Back Cove Block Party, taking place Sunday, August 8, 12:00 – 3:00 pm, on Portland’s Baxter Boulevard. For the occasion, the Boulevard will be closed to vehicular traffic from Vannah Avenue to Payson Park.

Local residents are invited to bring picnics for themselves and/or food to share with their neighbors. For the stretch of Baxter Boulevard between Vannah Avenue and Payson Park, there will be no vehicular traffic, and people can walk, bike, rollerblade, play, and otherwise enjoy the car-free hours.

The BCNA will be set up at a table close to the Vannah Avenue intersection, with free refreshments available. The Back Cove Block Party takes place with the participation and support of the City of Portland.

WHERE: Baxter Boulevard, between Vannah Avenue and Payson Park
WHEN: Sunday, August 8, 12 noon to 3 pm (no rain date)
FMI: John Spritz, 773-0872, jspritz@maine.rr.com

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street Portland, Maine 04101
207-775-2121 Office 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Eastern Prom - View Casco Bay from every room!

Casco Bay views from every room of this one level living condo with hardwood floors-brand new kitchen, 2 spacious bedrooms, heated parking garage & more! 24hr doorman, near Old Port. Condo fee includes heat.

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street Portland, Maine 04101
207-775-2121 Office 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

8 Ways You Should Be Using Twitter for Your Business

By now, we all know that Twitter is one of the most-trafficked and used social media platforms…for both consumers and business professionals. But what’s the secret to getting more consumers to follow you…transitioning them from just followers to clients.

From the simple to the complex, there are a number of methods that real estate professionals should consider to improve their following on Twitter. Here are eight tips to consider, courtesy of Twitter.com:

Tip 1
Include in your Bio and/or custom background the names (or @usernames) of the people twittering from your company account. It’s also a good idea to include additional contact info, like email addresses.

Tip 2
Listen regularly for comments about your company, brand and products—and be prepared to address concerns, offer customer service or thank people for praise.

Tip 3
Use a casual, friendly tone in your messages.

Tip 4
While you shouldn’t feel compelled to follow everyone who follows you, do respond to some questions or comments addressed to you.

Tip 5
If you like a particular message, retweet it. People often appreciate the sharing and amplification of their ideas, so look to retweet cool stuff.

Tip 6
Post links to articles and sites you think folks would find interesting—even if they’re not your sites or about your company.

Tip 7
Make sure your tweets provide some real value. Here are few examples to spark ideas:

• Offer Twitter exclusive coupons or deals
• Take people behind the scenes of your company
• Post pictures from your offices, stores, warehouses, etc.
• Share sneak peeks of projects or events in development

Tip 8
Don’t spam people. Twitter’s following model means that you have to respect the interests and desires of other people here or they’ll unfollow you. The most common way to run afoul of that understanding—and to thus look like a spammer—is to send unsolicited @messages or DMs, particularly when you include a promotional link.

Originally posted HERE at RIS Media.

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

New and True: The Modern Woman in Maine, 1890 - 1940

Victoria Mansion, with support from the Maine Humanities Council, presents the first of three illustrated lectures on "New and True: The Modern Woman in Maine, 1890 - 1940." Beginning on July 21st, Nan Cumming, Executive Director of Portland Trails, will speak on "Diana - The New Woman in the Maine Woods." Diana, Roman Goddess of the hunt, was a beloved figure in nineteenth-century art and literature--but only after Victorian artists had tamed and romanticized her. By 1900, many American women suffered the same fate--they were stifled by social critics who confined upper- and middle-class women into a rigid social ideal known as "True Womanhood." By the 1880s, however, urban pressures combined with personal health concerns led some women to break through the stereotype and seek relief and renewal in the Maine Woods. Many upper- and middle-class women worried about the overcrowding, dirt, and disease that rapid growth had brought to their cities. Likewise, after decades of relative inactivity, doctors began advising women to take some exercise and fresh air. With Maine's first wilderness guide, Cornelia "Fly Rod" Crosby, as their role model, many Victorian women escaped from the pressures of city life by going camping, hunting, and fishing in Maine. This lecture will explore the years between 1895 and 1910, which were especially rich in tourist publications that encouraged women to venture into the Maine wilderness.

Wednesdays at noon

July 21: "Diana - The New Woman in the Maine Woods"

by Nan Cumming, Executive Director, Portland Trails

August 18: "The Land and Sea of Three Maine Women Photographers: The Real Photo Post Cards of

Thurza Foss, Minnie Libby, and Josephine Townsend"

by Earle G. Shettleworth, Jr., Maine's State Historian and Director, Maine Historic Preservation Commission

Sept. 22: "Life with the Libby Women"

by Arlene Palmer Schwind, Curator, Victoria Mansion

*All lectures are free to the public and will be held at

Rines Auditorium, Portland Public Library.

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

With Cash to Invest, Homeowner Chooses Solar, Not Stocks

A few years ago, Jim Camasto thought about investing $20,000 in the stock market.

But instead, Camasto, 43, of Naperville, Ill., spent that money on a "greener" investment — solar power.

Camasto has installed a solar thermal and solar electricity system on his roof, which helps heat and power his home.

His gas use has dropped more than 50 percent, and his electricity use has dropped about 70 percent. He sells extra power back to the electricity grid and sells renewable energy credits, which investors buy and trade to support renewable energy projects.

His return on his investment is about 3 or 4 percent a year.

"Some people say that's a slow return," he said. "But I'm willing to bet utility costs are not going down in the next 10 or 15 years. There's very little risk. I'm glad I made the investment."

Although the price of solar panels is falling, the upfront costs of installing a solar power system can still be daunting. But many states have incentives designed to help finance renewable-energy projects. And there are federal tax credits for up to 30 percent of costs available to homeowners and businesses that buy solar or wind energy systems.

Illinois offers 30 percent rebates on the total cost of installing solar or wind systems to homeowners and businesses, and 50 percent rebates for governmental and nonprofits, with a maximum of $50,000, said Marcelyn Love, a spokeswoman for the Illinois Department of Commerce and Economic Opportunity.

And there are grants available to state and local governments and nonprofits through the Illinois Clean Energy Community Foundation, Love said.

Legislation introduced in Illinois would have allowed local governments to give loans to homeowners or business owners for solar installations and allowed them to repay the loans as assessments on their property tax bill. But the bill did not pass.

Mark Burger, president of the Illinois Solar Energy Association, said installing solar power is like making a major home improvement, with the cost being roughly equal to adding a new bathroom or remodeling a kitchen.

It's a buyer's market, Burger said, and a solar-powered house that promises reduced utility bills for years can be a major selling point.

"Developers are realizing that putting solar on homes to make them more 'green' is the only way to save the real estate market," Burger said.

Originally posted HERE at RIS Media.

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Kitchen Remodels on the Comeback Trail

The explosion of remodeling shows on TV and makeover spreads in magazines has whetted America's appetite for glamorous rooms brimming with the latest furnishings, appliances and color schemes.

Kitchen remodels are among the most popular, according to a report in the just-published August issue of Consumer Reports and online at consumerreports.org. And the economic slowdown means there are outstanding deals on everything from cooktops to countertops. It also means kitchen designers and building contractors are eager for work and willing to negotiate.

But bargain prices and good looks aren't everything, said Celia Kupersmzid Lehrman, Consumer Reports' deputy home editor.

"When remodeling a kitchen, functionality is every bit as important as style. Fortunately there are many products that look good and work well," she said.

The design of your kitchen is every bit as important as what goes into it, said Jim Spence of Spence & Vaughn Fine Kitchen and Bath in Maitland, Fla.

The most functional design is based on the "work triangle" — the relationship between the prep area, the cooking area and the sink, he said. Ideally, the distance between them should never be less than four feet or more than nine feet. Of the three areas, the most-used is the sink.

When planning a remodel, determining your budget is one of the first steps. The National Kitchen & Bath Association calculates the average kitchen remodel costs between 10 percent and 20 percent of the home's value. But obviously, the extent of the makeover determines its cost. In its latest issue, Consumer Reports takes top-performing products and creates three design schemes: a do-it-yourself makeover for $5,000; a plan that costs $15,000 (the average spent on a kitchen remodel); and a full-scale renovation for $50,000.

Determining your priorities is another key step, said Phil Johnson, a partner at Spence & Vaughn and a certified kitchen designer.

"Do you love to cook? If so, now might be the time to consider professional-style appliances," he said. "Do you have a large family? Consider how best to accommodate them in your new space. Think about the things you love in your old kitchen — and the things you dislike."

Read more HERE at RIS Media.

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

New Cape Elizabeth Listing!

Enjoy both the views of the Atlantic Ocean and the smell of the salt air 24/7 from this wonderful home located in Pond Cove Park. Rare opportunity awaits for the new owner of this 4 bedroom home with ROW to the beach sitting just outside your door.
John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street Portland, Maine 04101
207-775-2121 Office 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Rooms with a View...

When you’re lucky enough to live at the water’s edge, the wow factor comes with the territory. But what happens when your house wasn’t designed to soak up the sweeping views? Just ask Stacey Levine, project manager and LEED Accredited Professional with Philip K. White & Associates, in Honolulu, Hawaii, who helped to transform her clients’ home into one that would gel with the coastal setting....Click here to read the whole article
John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street Portland, Maine 04101
207-775-2121 Office 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Folk Music at the Western Prom

Outdoor Summer Concert Series
The fun will be held at the Western Promenade and the Fort Allen Park Gazebo. (information/cancellation program hotline: 207-756-8130).

SUNSET FOLK SERIES AT WESTERN PROM PARK
Concerts last approximately forty minutes (If there is inclement weather, the concert will be canceled).
Wednesday, July 14 7:45 PM Will Gattis

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street Portland, Maine 04101
207-775-2121 Office 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Tricks to Keep Your House Cool this Summer

Tricks to Keep Your House Cool this Summer
By Paige Tepping RISMEDIA, July 3, 2010-
As the temperatures continue to rise this summer, so does the cost of keeping your home cool. While homeowners across the country come to depend on air conditioners to keep the temperature down during the warm summer months, there are other options that will keep you cool while keeping your energy bill low.

Fans and ceiling fans-If you’re looking for ways to beat the heat, a ceiling fan can be a great investment for your home. This one appliance can make a room feel 6 or 7 degrees cooler, and even the most power-hungry fan costs less than $10 a month to use if you keep it on for 12 hours a day. Good fans make it possible for you to raise your thermostat setting and save on air-conditioning costs. Fans don’t use much energy, but when air is circulating, it feels much cooler. Ceiling fans are best, but a good portable fan can be very effective as well.-You should remember that even mild air movement of 1 mph can make you feel three or four degrees cooler. Also, make sure your ceiling fan is turned for summer – you should feel the air blown downward.

Shades, drapes or blinds-Install white window shades, drapes or blinds to reflect heat away from the house. Close blinds, shades and draperies facing the sun (east-facing windows in the morning and west-facing windows in the afternoon) to keep the sun’s heat out and help fans or air conditioners cool more efficiently. Always remember that the best way to keep your home cool is to keep the heat out.Internal Heat-The most common sources of internal heat gain are; appliances, electronic devices and lighting. Be aware of devices in your home that are generating heat and if you have air conditioning, use it wisely. Don’t put lamps, televisions or other heat-generating appliances next to your air-conditioning thermostat, because the heat from these appliances will cause the air conditioner to run longer. The heat they produce will make the thermostat think your house is warmer than it really is, and your system will run harder than it needs to.

-Unless you absolutely need them, turn off incandescent lights and heat-generating appliances. Replace incandescent bulbs with compact fluorescents; they produce the same light but use a fifth the energy and heat.-You should also try to avoid heat-generating activities such as cooking on hot days or during the hottest part of the day. If you are cooking, use your range fan to vent the hot air out of your house. By reducing the amount of heat in your home, you will use less energy to cool it.

Plants-Plant trees or shrubs to shade air conditioning units, but not block the airflow. A unit operating in the shade uses less electricity. Deciduous trees planted on the south and west sides will keep your house cool in the summer and allow the sunlight to warm the house during the winter.

Roof and Walls-Paint your roof white – If you’ve got a flat roof, paint it with a specially formulated reflective paint or just paint it white. The reflective effect will help to keep the rooms under the flat roof much cooler.Other things to remember-Humidity makes room air feel warmer, so reduce indoor humidity. Minimize mid-day washing and drying clothes, showering and cooking. When you must do these things, turn on ventilating fans to help extract warm, moist air.

-Avoid landscaping with lots of unshaded rock, cement, or asphalt on the south or west sides of your home because it increases the temperature around the house and radiates heat to the house after the sun has set.

-If the attic isn’t already insulated or is under-insulated, insulate it now. Upgrading from 3 inches to 12 inches can cut cooling costs by 10%.

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street Portland, Maine 04101
207-775-2121 Office 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

North Deering Neighborhood Association Meeting

North Deering Neighborhood Association Meeting Monday
Monday, the North Deering Neighborhood Association will meet to discuss a variety of issues including the continued implementation of a Crime Watch for the community as well as discuss ways to address speeding and traffic issues in the area including Washington Avenue.

Founded in 2001 by local resident James Cohen, the North Deering Neighborhood Association (NDNA) was established to advocate for the interests of North Deering residents in city, state, and school affairs, including recreational issues, sidewalks, open space, school policy and funding, taxes, and traffic. The NDNA will host a Block Party July 17th. For more information about the association or about crime watch efforts, contact Tim St. Hilaire at 632-5228, tsthilaire@maine.rr.com, or visit their website, http://www.northdeering.org/.

When: Monday, July 12, 2010
6:30 PM
Where: North Deering Congregational Church
1364 Washington Avenue, Portland
John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street Portland, Maine 04101
207-775-2121 Office 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Freeport Waterfront Home!

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street Portland, Maine 04101
207-775-2121 Office 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Preserving Summer...

With the summer harvest season looming, it will soon be easy to go overboard at the farmers’ market. All those vendors hawking slim stalks of asparagus, blushing berries, and fresh-from-the-farm vegetables can turn even the most conservative shopper into an overloaded Sherpa, carrying enough food to feed a family for weeks. And that’s to say nothing of the harvest you might be growing in your own backyard.
All these resources make it easy to eat well in the summer, but there’s a downside to the abundance: That produce has a short shelf life. Before we can eat it all, we’re often caught tossing the rotting excess into the compost heap—unless we learn to preserve it before it goes bad.
Preserving might seem like the sort of outdated, time-consuming project best suited to ardent do-it-yourselfers and grandmothers. But as a growing population of urban homesteaders and eat-local devotees has discovered, there are simple ways to preserve food and extend one season into the next. And there’s more motivation to do it than merely reducing waste. Preserving can help you improve your diet, add variety to mealtime, save money, and live a greener lifestyle. Plus, once you get the hang of it, preserving is just plain fun.
Here’s how to start preserving the summer bounty so you can eat well all year long.
Click here to read the full article!
John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street Portland, Maine 04101
207-775-2121 Office 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Historic John Calvin Stevens Luxury West End Home

Historic West End Brick Mansion built in 1905 by architect John Calvin Stevens for Edward W. Cox. The exterior design is an unusual design with cross-gabled roof sheathed in slate shingles with Dutch influenced parapet gables on each elevation which creates a interesting silhouette. The detached brick carriage house also has parapet gables and dormers which match the house. An interesting feature of the house is the striated brickwork which creates an animated surface.
As you enter this home, you will find unique leaded glass windows in the front door as well as the side light which feature a “tulip design,” tulips were John Calvin Stevens favorite flower. As you enter the foyer, you will be impressed with the grand staircase that has a built in seat at its base. The entry is flanked by a large living room with beamed ceilings, built in book cases as well as a large fireplace with a built in cabinet, another one of John Calvin Stevens trademarks. On the other side of the entry is a library fireplace and unique “coved” ceiling as well as 2 walls of bookcase to hold many volumes.
As you enter the large oak paneled formal dining room through pocket doors, you will be impressed with the oak beamed ceilings, large fireplace and “secret compartment,” truly a room for grand entertaining.
The home has two unique pantries, one being a true butlers/baking pantry with Carrera Marble counters, a bread raising radiator and extensive china storage. The second pantry is a “scullery” pantry which has extraordinary storage cabinets and has been modified by current owners with a custom stainless steel integrated sinks and counters along with duel top of the line Asko dishwashers, commercial grade garbage disposal and with Carrera Marble and Mahogany counters.
The kitchen is a large real “cooks” kitchen. Commercial grade Vulcan gas range with double ovens, commercial pull down faucets, a custom sink stainless sink with pull down faucet, butcher block island as well as a large Sub Zero refrigerator.
The property offers extensive varieties of heirloom roses and perennial gardens that are low maintenance. There is a large custom patio between the main home and has a backdrop of the carriage house. The grounds also offer a secret garden behind the carriage house as well.
The second floor offers much flexibility. The master suite is comprised of up to 4 rooms. As you enter the large pocket door, you have a bright and light bedroom with fireplace and again, built ins, westerly views. There is a recent renovated master bath with quality materials throughout including Perrin & Rowe faucets and an oversize tiled shower. There is the possibility of 2 dressing rooms and a large office, nursery or additional bedroom all connected to the master. Other bedrooms include a bedroom with fireplace and connecting bath. An additional bedroom with cozy corner fireplace will make for a cozy feel. One additional bedroom and a full bath on the 2nd floor. There is a large walk in linen closet that allows for exceptional storage on this level as well.
The 3rd floor offers an additional bedroom, the original playroom which is 40 X 20 in size and another large trunk room with the a whole wall of built-ins.
The lower level offers a large fireplaced billiard room with original wood wainscoting and Lincrusta wall covering above with original finish. An additional unique feature is a walk in safe which was build for Edward W. Cox when the home was built.
The systems in the home have had many extensive updates including a new heating and hot water system in 2009.
One of the singular features of this grand home is the 30’X60’ carriage house with 2nd floor that has been known to store up to 6 vehicles today.
This is a rare opportunity to own a historic John Calvin Stevens West End Mansion.

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street Portland, Maine 04101
207-775-2121 Office 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Destination Bermuda

Mark Twain once wrote, “Bermuda is the right country for a jaded man to ‘loaf’ in. There are no harassments; the deep peace and quiet of the country sink into one’s body and bones and give his conscience a rest.” Decades later, Twain’s words still ring true. There’s something magical about Bermuda, a certain je ne sais quoi, if you will. It’s possible that it’s the locals—friendly and helpful. Or the signature pink-sand beaches, the plentiful nightlife and dining options, and the moderate temps (read: 80 degrees in October).

But what’s more likely is that it’s the island’s proximity to the eastern United States—it’s a direct, two-hour flight from more than a half dozen major cities (Boston; New York City; Philadelphia; Washington, D.C.; Charlotte; Atlanta; and Miami). All of which means that instead of allotting two full days of travel for your long weekend, you can instead enjoy that time on one of Bermuda’s stunning beaches, on a tennis court or golf course, or at a spa.

Where to Stay

To truly experience Bermuda’s rich English culture, which is a perfect mix between island charm and British pomp and circumstance, consider Elbow Beach, a Mandarin Oriental property. Situated centrally among downtown Hamilton (five minutes away), Horseshoe Bay, the Royal Naval Dockyard, and Bermuda International Airport, Elbow Beach is one of Bermuda’s premier hotels. The 235-room hotel (currently closed for a planned renovation) sits atop fifty acres and overlooks Elbow Beach (the actual beach). Book one of the premier ocean-view rooms in the area of Bougainvillea, one of seventeen private cottage complexes. There, your private patio overlooks the ocean; best of all, it’s just a one-minute walk to the private beach, which is possibly the biggest draw to Elbow.

If new, grand, and intimate is what you’re looking for, consider Tucker’s Point Hotel & Spa, the only property to open in Bermuda in the past thirty-seven years. The capstone of Tucker’s Point Club—Bermuda’s premier resort, private club, and residential community—Tucker’s Point Hotel & Spa boasts four lighted tennis courts, two freshwater infinity pools, and a private beach. The eighty-eight guest rooms and suites represent a coupling of British décor and modern amenities. Though the property itself is luxurious and breathtaking, one of the property’s most appealing traits is its privacy. You can spend an entire week there and not interact with another guest.

Read more HERE at Home By Design.

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Happy Independence Day

Just a Reminder-

The annual 4^th of July celebration and fireworks show will be held at the Eastern Promenade Park. This year, in addition to the fireworks show, the celebration will include a free Patriotic Pops concert by the Portland Symphony Orchestra which will feature performances of Sousa, Gershwin, and Tchaikovsky making it a true Stars and Stripes Spectacular. The concert is scheduled to begin at 7:40 PM and run throughout the fireworks display, which will begin at 9:20 PM. Spectators not on Munjoy Hill, can enjoy the concert by listening to a live broadcast on Maine Public Radio. A rain date is scheduled for Monday, July 5^th. Call the city’s hotline at 756-8130 if a change seems likely.

The Stars and Stripes Spectacular is supported by private donations from founding members, the Portland Press Herald/Maine Sunday Telegram, Quirk Chevrolet, Wright Express and the Maine Red Claws. Additional support for this year’s event was provided by Unum, Coca Cola Bottling of Northern New England, PowerPay, Time Warner, Boston Musicians Association, Parallax, Proprietors of Union Wharf, Maine Public Broadcasting Network, Seacoast RVs and the Maine Narrow Gauge Railway. For information about the events scheduled for the day and ways to support the continuation of the city’s 4^th of July celebration in years to come, visitwww.july4thportland.org.

It is estimated that 50,000 people will watch the program throughout the city. A variety of vendors offering 4^th of July souvenirs, food and drink will be located along the Eastern Promenade. Proceeds from the sale of all beverages will support future celebrations. Attendees are reminded to throw their trash away and recycle bottles and cans in appropriate receptacles or take it with them when they leave the park.

Public restrooms will be available at the East End Beach, Turner Street and the top of Cutter Street. Due to the crowds and loud noises, spectators are asked to leave their pets at home.

Per the State Fire Marshal, the tennis courts, playground and ball fields on the Eastern Promenade, are within the fireworks shoot zone and will be closed as of 7:00 AM on July 4^th.

PLEASE NOTE THE FOLLOWING CHANGE - The East End Boat launch as well as Cutter Street and all the parking lots at Cutter Street will be closed from10:00 PM July 3^rd to 6:30 AM July 5th. Boaters can access alternate launches nearby including the Falmouth Town Landing on Route 88 ($10.00 for non resident, 207-781-7371), Bug Light Boat Launch in South Portland ($5 for resident, $6 for non resident, 207-767-7591) and Portland Yacht Services ($50 includes parking, $35 no parking, 207-774-167).

People interested in attending the Stars and Stripes Spectacular need to be mindful of the following parking restrictions that go into effect at 7:00 AM until 11:00 PM, July 4^th: Eastern Promenade (both sides) from Vesper to Washington Avenue; Fort Allen Park (both sides); Walnut Street from the Eastern Promenade to Washington Avenue; and Mountfort Street (both sides). Munjoy Hill will be closed to all traffic at 4:00 PM. Handicapped parking is available on a first come first served basis along Cutter Street and Fort Allen Park.

Clearly marked handicapped vehicles will be allowed to pass the barricades until 6:00 PM. Drivers must approach Cutter Street from Fore Street to enter. The East End Trail between the Portland Water District pumping station and the East End Beach bathhouse will be closed to the public at 7:00 AM, July 4^th.

The Portland Fire Department reminds residents that sparklers are legal but are very hot and should be used with extreme caution when around other people. Fireworks are illegal in Maine.

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Fun, Fast and Simple Tips to Give a Tired Room an Instant Makeover

Just in time for summer home improvement season, here are some simple tips, courtesy of Glidden, to help do-it-yourself enthusiasts liven up any space.

1. Pick the appropriate lighting for your paint color. The trick is to create a harmonious balance between color and light. Make up for the lack of light by adding in some table lamps, wall sconces, a chandelier or a mirror and watch how it makes the room look so much bigger even if you've painted it charcoal gray.

2. Don't forget about layering texture and pattern. It gives a room personality and stops the room from looking too flat. Silk curtains, a patterned pillow, or even a nice linen wallpaper are all things that can give the room dimension and make the room more interesting.

3. Look for ways to mix and match furniture. Just because the furniture you like is available as a set doesn't mean you have to purchase it that way. Mix it up a bit. Consider going with a white lacquer bookcase and a wood coffee table in your living room or a leather sofa paired with a beautiful upholstered armchair.

Originally posted HERE at RIS Media

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Less-is-More Decor Becoming More Popular

Home decor is undergoing a subtle change, thanks to the weakened economy and the trend toward smaller but better-quality homes.

As houses are downsized, homeowners are forced to make do with less space and fewer possessions, said Jose J. Cabrera, of C&L Studio in Orlando, Fla. And in this uncertain economy, many homeowners are reluctant to spend lavishly on new furnishings.

"Our clients want fewer things, but really good things," he said. "It's a less-is-more approach."

Another sign of tough economic times impacting interior-design trends: Homeowners are reluctant to throw out all their old furnishings and start from scratch when they build or remodel, they way they did a decade ago, said Cabrera.

"Old things are mixed with new and many styles are being brought together in an eclectic way," said Cabrera. "The new decor doesn't evoke any particular period. It's more a matter of bringing the past into the present and making it fresh with new colors, accessories and art work."

Over the last few years, homeowners have been scaling back and simplifying their homes, said Troy Beasley, of Beasley & Henley Interior Design in Winter Park, Fla.

"Instead of buying large new homes, they're staying in their mid-sized homes and either remodeling totally or maybe just moving a wall or two and upgrading the interiors," he said.

Most people have traditional elements in their homes, said Beasley. These may be heirloom pieces that have been passed down from generation to generation. Or simply the good dining-room or bedroom set a couple bought when they were first married. Either way, they want to keep those traditional elements while modernizing the look of their home.

The design challenge, he said, is to figure out how to create uniformity and harmony while blending traditional and modern elements.

His suggestions: Update formal, traditional chairs and sofas by adding casual slipcovers or reupholstering in contemporary fabrics. Change the wallpaper, light fixtures and moldings. Reframe art work. Show off collectibles all in one spot.

"People want the less-cluttered, cleaner look they see in magazines," said Beasley.

The lighter, cleaner look is well suited to Florida's subtropical climate and casual lifestyle, said Cabrera. Even owners of Mediterranean-inspired homes are moving away from the dark, heavy, ornate interiors typical of the style. Instead of warm and cozy, they want cool and airy.

Read more HERE at RIS Media

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Solar Survivor Touts New Loan Program for Homeowners

For decades, the push for solar power has stalled not on public support, but on cost. That might be about to change with the launch of a unique tax program that's exciting some industry veterans.

Gary Garber is one. Garber built his first solar panels from scratch back in 1976. They went up on his parents' roof top in nearby Walnut Creek, Calif. Today he runs Sun Light & Power, a 60-employee solar panel installation firm that's been behind some of the San Francisco Bay Area's biggest solar power arrays.

Like many other "alternative" industries, solar energy has gradually gone mainstream, scaling up operations, driving down costs — even partnering with local governments to promote renewable energy.

Yet it still generates less than 1 percent of the nation's electricity. Why? Because a typical residential system's $25,000 price tag is a huge hurdle for most homeowners.

Clearing that hurdle is the main mission behind an effort gaining momentum around the country called Property Assessed Clean Energy, or PACE. It allows people to borrow money from municipalities for energy efficiency upgrades and pay it back through their property taxes.

Gerber said the key to the program's success is that energy savings paid for by PACE can be used to offset those higher property taxes.

"Let's say you replace your $100 utility bill with a $100 a month payment to your property taxes — it's pretty close to a wash," said Gerber, who also serves as president of the California Solar Energy Industries Association. "And if it isn't a wash this year, then two or three years from now it will be, because energy costs are going up.

"You're basically saying, 'I'm going to pay the same amount for energy for the next 20 years. I'm going to peg my energy cost to today's costs.' That's pretty compelling."

PACE was launched in 2007 as a pilot project hatched by Cisco DeVries, a former assistant to the Berkeley mayor. When the Berkeley test took off, states began passing legislation to allow municipalities to create their own programs. DeVries now works as president of Renewable Funding LLC, a private company that helps cities start PACE programs.

At last count, 19 states have passed PACE legislation, including California, Florida, Texas, New York, Massachusetts and Maine.

Read more HERE at RIS Media.

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us