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PACE Financing Maximize the financial incentives available through solar energy now through property linked financing BOOK APPOINTMENT

Schedule a PACE Financing Consultation Now!

Click here to schedule a time for us to visit your location where one of our SaveSolar project team will provide you with a detailed design of your potential project, financial overview and other important information.

WHAT IS PACE FINANCING?

WHAT IS PACE?

The property assessed clean energy (PACE) model is an innovative mechanism for financing energy efficiency and renewable energy improvements on private property.

PACE programs allow a property owner to finance the up-front cost of energy or other eligible improvements on a property and then pay the costs back over time through a voluntary assessment. The unique characteristic of PACE assessments is that the debt is tied to the property as opposed to the property owner(s). In turn, the repayment obligation may transfer with property ownership if the buyer agrees to assume the PACE obligation and the new first mortgage holder allows the PACE obligation to remain on the property.

This can address a key disincentive to investing in energy improvements because many property owners are hesitant to make property improvements if they think they may not stay in the property long enough for the resulting savings to cover the upfront costs.

ADVANTAGES

Provides an ownership structure for building owners to maximize solar incentives

Secure financing of projects over a longer term

Spreads repayment over many years with seldom up-front payments

Low interest rates through attachment to the property tax bil

Helps property owners deduct payments from income tax liability

Taps into large sources of private capital

BENEFITS OF PACE FINANCING

At SaveSolar, we work with building owners who wish to maximize their solar potential and own the system - using innovative commercial PACE Financing

100% FINANCING

No out of pocket payment for improvements, extending capital budgets and preserving owner’s replacement reserves.

LONG TERM FINANCING

Amortization can be up to 30 years, greatly improving cash flows and avoiding the need for any balloon payments.

STABLE FIXED RATE TERMS

Assessment is tied to the building, not traditional debt, and transfers with ownership, eliminating any holding period concerns.

NON-ACCELERATING DEBT

Late payments never trigger a payoff event of the whole PACE assessment (just the past due payments).

ENERGY EFFICIENT ROOFING

PACE Financing can include the costs of all types of energy efficient improvements including roof repair or replacement to support solar, LED’s and other products to lower energy usage.

PROFESSIONAL ENGAGEMENT

SaveSolar provide a turn-key solution that combines project development, installation and ongoing maintenance in conjunction with PACE financing partners.