PACE Financing Eligibility Status Enables Customers to Finance High-Efficiency Solaria PowerXT™ PV Modules Through an Assessment on their Property Tax Bill
FREMONT, CA, JAN. 17, 2017 – Solaria Corporation, global provider of solar module technologies, announced today that its Solaria PowerXT residential and commercial solar module products are now eligible for PACE (Property Assessed Clean Energy) financing. PACE financing allows for customers to finance their photovoltaic systems as an assessment incorporated into their property tax bill, leveraging financing terms of up to 20 years. Solaria modules’ eligibility for this program underscores that the high-efficiency PowerXT module is one of the industry’s most bankable solar products.
“At a time when there’s a shift to owning rather than leasing PV arrays, Solaria’s eligibility for PACE financing is going to empower more real estate owners to transform their properties into on-site power plants,” noted Solaria CEO, Suvi Sharma. “Combining PACE financing with the highest-efficiency PV modules on the market today provides the absolute best value for homeowners and commercial property owners to invest in solar energy.”
Ownership of residential and commercial solar power systems accelerates the payback period on investment, providing maximum ROI. Paired with superior aesthetics, high-efficiency PowerXT modules deliver additional value for homeowners in system costs, enabling customers to achieve peak performance and profitability.
“PACE is a phenomenal program that helps homeowners gain access to clean reliable solar generation – and to high efficiency modules such as Solaria's,” said Cisco DeVries, founder and CEO, of Renew Financial Group LLC, one of the leading providers of PACE financing. “High efficiency solar modules help homeowners boost their energy yield. These new technology advancements, paired with innovative PACE financing, accelerate PV's payback period – making solar an attractive investment from both an aesthetic and performance perspective.”
About Solaria Corporation
Solaria Corporation is a solar technology company that is paving the way for distributed, clean power generation through optimized solutions for a range of applications. Leveraging its proven core technology, field performance and sophisticated automation, Solaria delivers solutions that address a unique set of requirements for the BIPV, architectural solar, agriculture, rooftop and utility markets. Solaria headquarters are in California. For more information, please visit www.solaria.com.