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Glossary Renewable energy / Term

Property Assessed Clean Energy (PACE)

Cities are beginning to offer PACE programs which provides a loan for your solar panels. The program pays for the panels and you pay for the solar system on your property tax bill, over approximately 20 years, with interest. PACE provides loans for the cost of the panels, before the federal ITC is rewarded – this means that you will need to make payments on a larger, pre-ITC loan.

Permanent link Property Assessed Clean Energy (PACE) - Creation date 2021-06-26


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