Renewable Funding - Solar System Loans

Solar System Loans - Renewable Funding

Renewable Funding, an Oakland, Calif., based company, makes it easier for homeowners to finance solar or other renewable funding projects by attaching it to your property tax bill.  The financing stays on your home’s property tax bill making it easier to recoup the expense if you sell your home before the loan is paid off.

The instrument is a bond called Property Assessed Clean Energy (PACE).  Some 18 states have passed laws allowing the financing procedure, to encourage investments in renewable energy.