Arizona PACE Financing
Congratulations, Arizona property owners! You live in a state that supports property tax solar financing.
How does Arizona’s financing work?
Arizona allows counties and municipalities to set up loans for renewable energy and energy efficiency improvements to be paid back through property tax payments over a 20-year period. The loans carry a fixed interest rate and stay with the house–so if you move, the next tenant continues to pay for the loan through property taxes. That means you don’t have to worry about paying for panels on a house that you don’t live in anymore.
That sounds great! How is Arizona able to do this?
Thanks to Arizona’s HB 2336 passed in 2009, counties and municipalities can set up their own loan programs.
Is the solar financing program available now?
So far, no cities or counties in Arizona have taken advantage of this opportunity yet. Keep your eye out for more locations popping up in the near future!
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