Financing is repaid over periods of up to 25-years via voluntary assessments on owners’ property tax bills.
PACE ( Property Assessed Clean Energy) financing allows equity-bearing residential and commercial property owners to finance 100 percent of over 60 categories of renewable energy, energy efficiency and water conservation improvements with no money down, no FICO score requirements nor encumbrance of personal or business credit. Sun Bandit’s eligibility for PACE financing brings a lower cost of entry to the solar PV marketplace, putting Sun Bandit’s solar hybrid water heating solution within reach of just about any property owner. The world’s first PV-powered solar water heating solution – Next Generation Energy’s Sun Bandit – is now eligible for financing with the nation’s largest and fastest-growing PACE providers.