Solar Financing

Financing options for Solar Systems

Property Assessed Clean Energy (PACE)

SOLARGRAHAM is a PACE financing approved contractor for HERO Program and RENEW financial.

The property assessed clean energy (PACE) model is an innovative system for financing energy efficiency and renewable energy improvements on private residential and business property. PACE programs exist for both residential properties (commonly referred to as Residential PACE or R-PACE) and commercial properties (commonly referred to as Commercial PACE or C-PACE).

PACE programs allow a property owner to finance the up-front cost of energy or other eligible improvements on a property and then pay the costs back over time through a voluntary assessment.  The unique characteristic of PACE assessments is that the assessment is attached to the property rather than an individual.

Visit http://www.energy.gov for more information about PACE.

RENEW FINANCIAL

Created by PACE, RENEW Financial specializes in affordable financing for renewable and energy efficient products. Government approved, CaliforniaFIRST provides an affordable financing solution for home upgrades throughout the state.

Benefits:

  • As low as 0% down
  • Payment terms of up to 30 years
  • Finances up to 100% of costs to purchase on approved products and installations
  • You own your solar system
  • Repayments through property taxes
  • Balance due can transfer to new property owner if home is sold (subject to lenders approval)

For more information visit https://renewfinancial.com/about

HERO PROGRAM

The HERO Program is part of the PACE model which provides financing for energy-efficient and renewable energy products to home and business owners in approved within California. Financing provided by the HERO Program is repaid through payments in the annual property tax that are collected by the County.

Benefits:

  • Finances up to 100% of costs to purchase on approved products and installations
  • Low fixed interest rate
  • Flexible payments
  • Repayments through property taxes
  • Balance due can transfer to new property owner if home is sold (subject to lenders approval)

For more information visit https://www.renovateamerica.com/financing/hero

GreenBiz Financial offers solar and other energy-efficient home improvement loans with attractive rates.

Benefits:

  • Some of the lowest rates in the industry.
  • Choose the loan term that best fits your needs.
  • Fill out their loan application on-line in a matter of minutes, and receive a decision soon thereafter.
  • Can be used to finance solar, roofing, heating and air conditioning units, windows and doors, and more.

Visit https://www.greenbizfinancial.com for more information.

Have questions about financing?

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