Financing Solar Panels Becomes Easy!

The high cost of solar panels has been the only deterrent in my path of going solar. I know that the expenses will be offset by the tax credit and rebates, but I am still not in a position to shell out thousands of dollars for a cash purchase right now.

I checked the lease and power purchase agreement (PPA) options too. The monthly cost works out quite reasonable, but I do not want to miss out on the incentives and subsidies due to third-party ownership.

I approached, Plug It In Solar with my dilemma. The professional team worked out my requirements and gave me an estimated budget for the solar panels. They offered free installation, but I said the cash or lease options were not feasible for me.
The solar company in California soon resolved the issue by informing me about the innovative Property Assessed Clean Energy (PACE) loans offered by the state to homeowners. They told me that this is nothing but a low-cost loan from the local government for purchasing the solar panels. The loan has to be paid back in the form of higher property taxes over a period of 15 to 20 years. Moreover, as the loan is permanently fixed with the property, the repayment obligation will transfer to the new owner should I sell the house in the meantime.

This works out well for me and I will be using clean energy and reducing my carbon footprint very soon!