Having a solar system installed on your San Diego commercial property can be expensive. In fact, the costs may even hold you back from considering a solar system altogether. If this is the case, we at Soltech Electric want to tell you about PACE financing. With this financing program, you may feel a bit better about the costs of solar in San Diego. It’s possible to reach your dream of installing a solar system on your San Diego property.
Property Assessed Clean Energy, or PACE, financing is a way to help owners handle the up-front costs of installing a solar system on their commercial San Diego property. The owner of the San Diego property then pays back the costs over time through assessments. With this financing system, the costs of installing a solar system on your San Diego property may seem a lot more manageable for you to handle and you’ll be able to start saving money on your energy bill.
Commercial PACE financing assessments are unique. They tie the loan to the San Diego property, as opposed to the property owner themselves. This way, you don’t have to worry about staying on the San Diego property for the whole run of the loan. When you leave the San Diego property, the assessment stays there, and is often taken on by the new property owner. PACE financing truly provides a helpful way for you to get solar energy without the added stress from payment worries.
The Commercial PACE Working Group is a group consisting of state and local governments. They work together to learn about, launch, and refine PACE programs for commercial property owners. Using experts and market partners, they work to make the availability of the commercial PACE programs greater. Ultimately, they want to make the program accessible to property owners like you from San Diego to Washington, D.C., so consider using a PACE program to finance your San Diego project today.