Financing Options: PACE Financing

PACE, also known as Property Assessed Clean Energy, is a popular strategy for financing energy efficiently upgrades or renewable energy installations. Unlike most of the financing options we’ve spotlighted, PACE can be used for residential as well as commercial and industrial property owners. Though much is dependent upon state legislation, PACE can be used to finance building envelope energy efficiency improvements, such as insulation and air sealing, cool roofs, water efficiency products, seismic retrofits, and hurricane preparedness measures. In some parts of the country, commercial PACE can be used to fund new construction projects. Green loans are designed to provide …

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Rebates & Tax Incentives: Sustainable Energy Utility (SEU)—Green for Green Home Rebate

This financial incentive is administered by the Delaware Sustainable Energy Utility (SEU) and is only available within Delaware, but other states offer similar programs. In partnership with the Home Builders Association of Delaware, the Delaware Sustainable Energy Utility offers energy efficiency rebate to new home certified by the National Green Building Standard (NGBS) of the Leadership in Environmental and Energy Design (LEED). This rebate is also available to homes who have a Home Energy Rating System (HERS) of 59 or less. To qualify for incentives, homes must be built by program-approved builders, and the rebate application bust be submitted by …

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Financing Options: Make a Green Investment with Home Equity

Home equity is an increasingly popular strategy for financing large-scale projects, such as remodels and renovations. Though not an explicitly “green” method, drawing from home equity is an excellent method for kickstarting your environmentally-conscious investment. A home equity line of credit, also called HELOC, is a loan in which a lender agrees to lend an amount of funds where the collateral is the borrower’s equity in their house. Similar to a second mortgage, homeowners often use this resource for additional investments, such as home improvement. In the first quarter of 2017, the United States had $13.7 trillion in home equity, …

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Financing Options: FHA PowerSaver Loan Program

This financial resource, provided by the Federal Housing Administration (FHA), offers three financing options for homeowners to make sustainable and renewable energy upgrades to homes. Borrowers must select from a list of Housing and Urban Development approved PowerSaver lenders. Additionally, this program is not available in all states, so be sure to check availability at the HUD website. The products offered by this program include: PowerSaver Home Energy Upgrade, PowerSaver Second Mortgage (Title I), and PowerSaver Energy Rehab (203(k)).   The PowerSaver Home Energy Upgrade is the smallest consumer loan available under this program—up to $7,000. It is an unsecured …

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Financing Options: Solar Energy Costs

The cost of putting a solar energy system on your roof has decreased by two thirds in less than a decade. This means that getting power from the sun can be significantly cheaper than buying it from your local utility. However, investing in solar does more than lower your monthly bill—it creates jobs, reduces your carbon footprint, and reduces local air pollution. Though energy from the sun is free, home and building owners need a way to capture the rays. The energy is most often captured by solar PV systems; the one-time up-front cost can be intimidating (often more than …

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