Even if you wanted to install solar panels to off-set your power bill, you have to consider the up front costs and weigh those against the benefits. It isn’t an equitable math problem. The cost of solar panels and systems is coming down but the average installation on your average home will still run you about $25,000.00. But don’t stop reading because there is hope on the horizon.
PACE energy bonds are becoming available in more and more neighborhoods. PACE stands for Property Assessed Clean Energy and according to the official website www.pacenow.org, the bonds work like this - “A PACE bond is a bond where the proceeds are lent to commercial and residential property owners to finance energy retrofits (efficiency measures and small renewable energy systems) and who then repay their loans over 20 years via an annual assessment on their property tax bill. PACE bonds can be issued by municipal financing districts or finance companies and the proceeds can be typically used to retrofit both commercial and residential properties.”
So why is PACE a good thing? The key to the program’s success is that the energy savings earned from installing solar panels can then be applied to paying the added fees on your property tax. The fee remains set but energy costs inevitable will continue to rise. So in a matter of a year or two you will be actually saving money while everybody else will still be paying higher energy bills.
Seventeen states have passed PACE legislation including Florida (Not all local governments in Florida offer PACE financing; contact your local government to find out if it has established a PACE financing program.)
According to a report by Ty Gorman and Amanda Zidek for The North Carolina Solar Center as of March 9th, 2010, Florida was number 3 in total solar grant/rebate spending for all states with such programs.
For more information go to PACE Now.





