PACE (Property Assessed Clean Energy) Financing
You also have the option of financing your solar system installation through a program called PACE Financing. This will allow your property value to increase and benefits your overall home value. PACE Financing is a way to repay your energy efficient upgrades through your property taxes. The increase in your property taxes will go towards repayment of these upgrades through incremental increases. You have from 5-20 year term options should you choose to go this route.
PACE Financing is available for loans starting from $5,000 up to 10% of your property value and your first payment is due when you normally pay your property taxes. This can be up to 18 months out. A few benefits to this type of financing include 100% financing with $0 down due at signing, your tax interest is deductible, your loan is not attached to your credit, and the loan is transferable when you sell your home.