PACE Financing: Residential Solar Energy for CA!

California is a major participant in the PACE program! Property Assessed Clean Energy (PACE) financing, an alternative to a loan and helps property owners manage the barrier of high up-front energy equipment and installation costs.

PACE financing ties the cost of home improvements to the property itself which has statistically shown to be a value-add when reselling your property.  When a property owner participating in a PACE program sells the property, then the repayment obligation legally transfers with the property. The benefits of PACE financing include long-term, fixed-cost financing; loans tied to the tax capacity of the property rather than to the owner’s credit standing; a repayment obligation that legally transfers with the sale of the property; and potentially a deduction of the repayment obligation from federal taxable income, as part of the local property tax deduction. Read more here. 

ALLY can help you get PACE for your solar energy system! Contact us today for info. 

Electric Vehicle Rebates!

Are you looking to buy an Electric Vehicle? CA is offering a rebate! Check out the new program funded by the California Air Resources Board. It promotes the production and use of zero-emission vehicles, including electric, plug-in hybrid electric and fuel cell vehicles.

ALLY offers home EV charging station installations so give us a call! Combining solar panels and EV charging at your home can greatly decrease (even by 100%) your electricity bills!

Read more about the rebate offer here. 

$15M TO BOOST SOLAR POWER

The Obama administration's new $15 million program is poised to help state and local governments build solar panels and other infrastructure in the struggle against climate change.

Large solar plants account for 1% of of the electricity generation for the nation. This program hopes to push companies and state organizations to adapt more solar renewable energy projects. 

Read more about the push for solar energy, here.