Thinking about installing a solar power system? Well, there's an excellent opportunity out there for you and it's best you take advantage of it. Yes, PACE financing, the government-backed program, will pay for your new system, boost your home's energy efficiency and increase the value of your property.
Property Assessed Clean Energy financing, or PACE as it's known, is a government-supported program for financing energy efficiency measures and improvements on private property. PACE programs exist for both residential properties, referred to as R-PACE and commercial properties referred to as C-PACE.
Noted as one of the “top 20 world changing ideas” by the Scientific American magazine, the PACE program is an affordable and effective way of financing a range of home upgrades that save energy, strengthen the property and increase its value.
As of 2017, hundreds of thousands of U.S. homeowners have invested $4 billion in energy efficiency measures and other improvements to their homes using PACE financing, and installing a solar power system is one of the most cost-effective ways to upgrade and improve your home on offer. And of all states in the program, California leads the way in PACE recipients.
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Certified and backed by five-star reviews, the leading solar professionals in your area will bring you up to speed on the financing options at your disposal, including the PACE program, as well as the best way to achieve your cost and energy-efficiency goals. And don't forget to ask about the Federal Investment Tax Credit, which gives every homeowner who installs a solar panel system before 2020 an additional 30% discount on the purchase.
In addition to providing homeowners with an ROI of up to 80%, studies show that solar homes spend less time on the market and often sell for much more than their equivalent non-solar counterparts. California homes with solar systems have been found to sell 20% faster and for 17% more than similar homes on the market.
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Thanks to California's great incentives and plentiful sunshine, homeowners in the Golden State who go solar can save tens of thousands on their energy bills over time. When you factor in the convenient and government-backed PACE financing program, along with the increase in the value of your property, it's no wonder so many Californians are choosing to install solar power systems in their homes.