FinancingUp to date · Jan 15, 2026
PACE (Property Assessed Clean Energy)
A financing mechanism where solar and energy efficiency improvements are funded through a voluntary assessment on the property tax bill, repaid over 10-25 years.
Why It Matters
PACE requires no upfront cost and the obligation transfers with the property upon sale, removing the "what if I move?" barrier to solar adoption.
Real-World Example
A homeowner finances a $25,000 solar installation via PACE at 6.5% over 20 years, adding about $185/month to their property tax payment.
Related Tools
Related Terms
Solar Loan
A financing product specifically designed for solar installations, typically offering 10-25 year terms. May be secured (using home equity) or unsecured, with rates from 3-9%.
Solar Lease
A financing option where you pay a fixed monthly fee to rent a solar system, while a third party owns and maintains it.