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PACE- Property Assessed Clean Energy - Solar Financing

by Rich Hessler Solar on May 5, 2010

There is a widespread impression that clean energy is expensive. Well, it is, but there are ways of financing it to reduce or eliminate upfront costs. Property owners need to be proactive in looking for these options.

PACE financing, or property assessed clean energy financing, gives property owners the chance to make renewable energy and/or energy efficiency retrofits without any upfront costs. That's right, if you live in a participating municipality, you may qualify for a PACE bond which will allow you to pay off the costs of retrofits through your property taxes over a 15 or 20 year period.

PACE bonds are an idea that originated from a Berkeley, CA finance company, Renewable Funding. Renewable Funding partnered with the city to help provide homeowners with a way to fund the installation of solar energy systems and energy efficiency improvements. The "Berkeley First" program allowed homeowners to borrow the money and repay it through their home...Read More >>



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