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INCENTIVE & FINANCING FOR TEXAS CUSTOMERS
 

Local, State and the Federal Government
Understand the Value of Going Solar!

     

Businesses and consumers alike save money when the convert to solar electric power. However, there is an upfront investment.

Fortunately, there are literally hundreds of programs to help homeowners and businesses invest in photovoltaic solar energy systems. Here is a list of the types of programs that can help you recover the initial cost of solar panel installation.

What is PACE?

PACE is an innovative financing program that enables owners of commercial and industrial properties to obtain low-cost, long-term loans for water conservation, energy-efficiency improvements, and renewable retrofits. The PACE statute, Chapter 399 of the Texas Local Government Code, authorizes municipalities and counties in Texas to work with private sector lenders and property owners to finance qualified improvements using contractual assessments voluntarily imposed on the property by the owner. The term of a PACE loan may extend up to 20 years, resulting in utility cost savings that exceed the amount of the assessment payment. As a result, improvements financed through PACE generate positive cash flow upon completion with no out-of-pocket cost to the property owner. If the property is sold before the full amount of the PACE loan is repaid, the repayment obligation automatically transfers to the next owner because the lien securing the PACE assessment follows title to the property.

Pro Solar, LLC partners with SunGage, a provider of loans specifically designed for solar system installers like us. We promise it will be the easiest loan process you’ve ever experienced. Here’s how it works:

 

you meet with our Pro Solar, LLC representative, who works up a plan foryou to go solar. Next, you will be directed to the SunGagewebsite to complete a short loan application. After approval, your Pro Solar, LLC installer will manage the project from start to finish. You will soon be enjoying the benefits of your new solar energy system!

In addition to easy financing with SunGage, there are a number of other financial programs and incentives aimed at making it easy to go solar.

Rebates – these programs are designed to defray the cost of your initial investment for the purchase and installation of solar energy equipment. This is the most common type of program currently available.

Tax Credits – available for both personal/residential and commercial/business solar projects. Tax credits can be applied to directly reduce your tax liability, dollar for dollar.

Property Tax Incentives – these programs are offered at the local level, usually for commercial customers.

Accelerated Depreciation – allows businesses to decrease their tax bill to offset a capital investment, in this case, installing a solar power system.

Corporate Tax Deduction – offered for sustainable energy investment, including solar.

     
     
Here’s an example of what PACE financing looks like with a $10,000/yr electric bill.
     

Here’s an example of what PACE financing looks like with a $10,000/yr electric bill.

Once solar is installed Electric Bill goes to $0 (less meter charges)
Payment for Solar will range between $4000-$7000/yr creating positive cash flow.

Tax Rebate in this scenario would equal approximately $70,000 the first year.

So yes, you save money on utilities, increase the property value and get flooded with cash from Fed Tax Incentives.

 

Grants - available for purchase of various types of sustainable energy systems, including solar panel systems.

Follow this link for information about programs available to Texas residential and commercial customers:

http://programs.dsireusa.org/system/program?state=TX
http://www.keepingpaceintexas.org
http://www.seia.org
http://www.solarenergy.org
http://simpliphipower.com
http://www.sma-america.com
https://www.solarworld-usa.com

 

 

 

     
 

Don’t wait
call Pro Solar, LLC today
and schedule your free energy audit.