The Property Assessed Clean Energy (PACE) programs are a creative and effective approach to financing solar energy systems. Many were looking for a solar financing solution and after a very limited experiment in Berkeley, PACE expanded like wild fire to 23 states. PACE may not be for everyone and there are other choices available, but we hope that legal clouds hanging over PACE are resolved. Legislation has been introduced in the House to save PACE. We hope that his efforts succeed. It is a program that can help a lot of people go solar.
Posts Tagged ‘PACE’
Financing of solar energy systems has been a major concern to us at SolarTown since we launched this store and community. The average cost of a typical solar installation is north of $30,000. This amount is substantially reduced with the federal tax credit and some state or local rebates thrown in. But you have to wait months, sometimes many months, to take advantage of the incentives. There are currently alternatives available, but none very appealing. SolarTown has been working on a solution to financing of solar energy systems and we hope to be able to announce the program shortly.
The Renewable Energy Technology Conference (RETECH 2010) here in Washington, D.C. convened over the last couple of days. I am sure that there will be much written about the conference that concentrated on strategic issues, finance and incentives for renewable energy. The Conference highlighted many of the common challenges faced by renewable energy projects, regardless of whether they are solar PV, biomass, wind or geothermal. There were some recurrent themes at many of the sessions that I attended on federal and state incentive programs, local programs, and financing of solar energy products.
The march to solar energy is on – and the United States has a lot to do to catch up with some other countries that are leading the way. Although there are those would like to think that the desire to reduce one’s carbon footprint is sufficient to convince Americans to go solar, the experience in other countries shows that only cold hard cash, and not the sun’s rays, will convince consumers to leave their fossil fuel lives behind. This opinion piece discusses various government incentive programs available to consumers in the United States who are contemplating placing solar panels on their roofs.