Solar PACE: A complete financing solution for solar and storage.
The benefits of ownership: Up to 30% back in tax credits
Solar Financing Product Comparison:
|Benefits||PACE||PPA||Hybrid C-PACE PPA||Loan|
|No Money Down||x|
|No Credit Impact||x|
|No Property Owner Guarantees||x|
|Terms Up To 30 Years||x|
|Defer First Payment||Up to 18 months1||Up to one month||x|
|Federal Tax Credit||30% Solar ITC, if eligible||x||30% Solar ITC, if eligible|
|Ownership||Property Owner||Third Party||x||Property owner|
1 Subject to underwriting guidelines and approval; deferral of first payment depends on the date of funding; interest accrues during the entire deferred payment period.
2 PACE payments are incorporated into and repaid by you as part of your property taxes which are legally transferable upon sale; however, some mortgage lenders may require full repayment of the special tax upon sale.
Claim Your ITC Finance 100% of your new solar system and you may receive up to 30% of eligible project cost back from the federal government through your Solar ITC.
Example: Purchase a $100,000 solar system and claim your Solar ITC (if eligible, in this case up to $30,000).
No Pre-Payment Penalty For Solar ITC
Lowest Payment Option Use your Solar ITC, if eligible, to reduce your overall project cost up to 30%, and enjoy lower payments.
Example: Purchase a $100,000 solar system and apply your Solar ITC (if eligible, up to $30,000) to your loan amount with no pre-payment penalty, reducing your amount financed and your annual payments.