Photovoltaics (PV) as an Eligible Measure in Residential PACE Programs: Benefits and Challenges
A major barrier to investing in renewable energy improvements to homes across is the initial capital cost. Property Assessed Clean Energy (PACE) financing is one of several new financial models broadening access to clean energy by addressing this issue. This fact sheet addresses the benefits and challenges associated with the PACE program, allowing homeowners to gauge whether or not it is a feasible option for incorporating Photovoltaic systems specifically. PV reduces utility bills, self-generates sustainable power, increases energy independence and demonstrates a commitment to the environment. Points covered include:
- Transferring PV PACE assessments upon home sale
- An ability for the large PV systems to generate a broader array of investors
- Ensuring quality control and measuring savings
- Meeting the savings to investment principle
- Increased consumer deman
If you're thinking about installing a PV system, know the benefits and potential challenges of seeking out a PACE program.