PACE makes it easy to be cash flow positive from day one.
One of the most exciting developments in the clean energy field is the advent of PACE financing.
PACE financing is a government sponsored loan program used for energy improvements. PACE stands for Property Assessed Clean Energy financing. PACE provides 100% financing (zero down), does not require any income and does not require a credit score. Qualifying is very flexible and can be used on commercial and residential property.
In most cases the monthly loan payments for a new solar electric system are lower than the cost of the avoided electricity that you would otherwise buy from your utility. In most cases solar is less expensive than the utility company. You are cash flow positive from the very first day!
The loan is paid back as part of your property tax bill, and if the lender allows, the payment can be carried forward to the new owner if you sell.
Not every jurisdiction has adopted the PACE program, but more and more are doing so everyday. If you would like to know if your area has a PACE program, call us.