Although the
PACE finance bill (Property Assessed Clean Energy Bond) has passed in San Diego and in San Diego County the actual start date has been scheduled to start this summer. This finance will help many families in the future be able to acquire low property tax lien oriented financing on photovoltaic solar, hot water solar and pool solar.
However, as time moves on, these families don’t realize that the state rebate is quickly diminishing, losing customers who wait a great deal of the free government incentive capital. For example, this month alone the California rebate dropped from 1.10 a watt to .60 a watt. This may not seem like a lot of money until you realize that an average size system for a photovoltaic solar system is about 4000 watts. The .50 cent difference between the 1.10 a watt and the .60 cent a watt rebate on such a system would of equaled $2000.00!
Luckily,
Solaire Energy Systems is now announcing that they have two new Solar Loan options, that, in many cases may even be better than the future PACE financing. The two distinctly different loans boast the following and available now:
1st Option - 18 month same as cash no payments, no interest and no collateral financing for qualified applicants.
2nd Option - 120 percent loan to value, extremely low interest home loan, which can replace an existing first mortgage, a high interest second mortgage and the price of the solar system in one low payment. Qualified Applicants are still eligible for this Solar Loan even if they have Low credit scores!
