PROPERTY ASSESSED CLEAN ENERGY (PACE)

Municipal financing, Property-tax financing, PACE financing, AB 811 financing – it comes in many names but represents the same thing in each case:

Property owners can choose to borrow money to finance energy-efficiency upgrades on their property. Owners then re-pay their loan through an assessment on their property taxes which should be offset entirely or in part by immediate and significant savings in their utility bills. Installation of solar panels, solar hot water, insulation, HVAC systems, water heaters, etc. would all qualify.

No personal debt is assumed because the lien is placed on the property and transfers with the property ownership.

$15,688 Financed at 6% over 20 years


Annual Cash Flow based on a Solar Installation

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