Plankton Energy
PACE Financing: Go Solar with No Upfront Costs
Property Assessed Clean Energy (PACE) financing offers an alternative to traditional loans by enabling property owners to finance energy improvements with no upfront capital. Instead, the cost is repaid over time through a special assessment on the property tax bill. Plankton Energy partners with PACE programs to expand access to clean energy for businesses and community institutions.
PACE financing covers up to 100% of the project cost for qualifying energy upgrades, including solar installations. Repayment terms typically range from 10 to 30 years, with fixed, low-interest payments collected through local property taxes. Because the obligation is tied to the property—not the individual—it can transfer to a new owner upon sale.
This structure provides a cost-effective, credit-independent solution to improving energy efficiency, reducing utility expenses, and enhancing property value, all while supporting long-term sustainability goals.
