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SPR Report Card 2010 – Part 9 – State Loans for Solar

Avatar for Dave Llorens
Published on 08/27/2010 in
Updated 03/04/2020

Loans for solar!

Yes, these are the details on state loan programs available for those of you who do not have piles of disposable income lying around. While private financing is readily available in juicy solar states, many times the state loan options available cannot be beat. If you find yourself short on cash, but have good credit and own your home, a solid state loan program for solar energy can unlock the door to your solar investment.

I don’t understand your acronyms or the terms of the loans. Where can I find the links I need to apply for some of these loans?!

The specific details of each state’s loan program are located on your state’s solar page. Click your state on the right sidebar of this page for more info. Or, if you’d prefer request some more information from our solar experts. They’ll help you out in a jiffy.

What does “PACE” mean?

PACE stands for “Property Assessed Clean Energy”. Basically, the state allows your city to finance your solar energy installation with an assessment on your property taxes.

So PACE seems great, why are some states that passed legislation for PACE to work still getting failing grades?

While many state legislatures have indeed paved the way for cities in their state to finance energy improvements through property tax assessments, very few cities are equipped with the tools, support, or know-how to do anything about it. For specific cities, PACE is slowly getting off the ground. We’ve noted those areas above by stating, “PACE programs”.

The big elephants in the room are Fannie Mae and Freddie Mac, who scoff at the idea of a solar installers or any other contractors being paid off immediately through property taxes instead of them. That complicates things!

2010 SPR Solar Report Card Navigation:

Part 1, Residential Solar Energy ROI by State
Part 2, Residential Solar Report Card Summary Grades
Part 3, Electric Utility Policies and Rates
Part 4, Solar Incentive Summary Grades
Part 5, Solar Yearly Performance Payments by State
Part 6, State Rebate Details
Part 7, Tax Credit Overview by State
Part 8, Property Tax Exemptions
Part 9, State Loans for Solar (you are here)
Part 10, Sales Tax Exemptions

Last modified: March 4, 2020

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Where can I find the underlying data for these grades?

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