FINANCE SOLAR IMPROVEMENTS FOR YOUR HOME AND REPAY IT ON YOUR PROPERTY TAX!

 

MPOWER is Property Assessed Clean Energy (PACE) program. The amount financed is amortized and the annual amount due is added to the property tax bill each year until paid in full. Water and energy cost savings may be enough for property owners to pay the additional amount on the property tax bill.

How PACE Works

PACE works much different than a typical loan or home equity line of credit because it is not set up directly through a bank or Financier. Local municipalities will partner with a company (i.e. Plan It Solar) for help to administer the program and will then pay for the program with municipal bonds.

Property owners will receive a site evaluation for the improvements that they are seeking and use that to apply with the city/program administrator. Once the system is approved, the PACE administrator will pay Plan It Solar for the project. There is no upfront cost to the property owner and the loan is paid off on the property tax bill over the next ten to twenty years. If the home is ever sold, the improvements are included in the property’s tax liability.

Advantages of PACE

There are a variety of benefits not only for consumers but also for the community.

For the recipients of PACE financing, the advantages are:

 

Get started today @ http://www.mpoweradvantage.net/