PACE vs. Solar Loan

What homeowners should know

A side-by-side look at property-tax assessment financing and traditional solar lending. PACE is generally repaid through a property tax assessment where available, which can affect sale, refinance and mortgage considerations.

What to compare

Use written documents and compare the same fields across options. Separate equipment, financing, utility assumptions, warranties and any roof or electrical work so one number does not hide important differences.

A practical next step

Verify the current rules with the relevant utility, government agency, lender or contract documents before relying on a savings or eligibility claim. Keep copies of the proposal, agreement, plans, warranties and approvals.

Questions worth asking

• What assumptions are being used?
• What is included and excluded in writing?
• Who is responsible if something changes?
• Which current utility, lender or government rule applies?