Los Angeles County PACE Financing
We’re workin’ on it! Los Angeles County will soon support property tax solar financing.
How does L.A. County’s municipal solar financing program work?
In a nutshell, L.A. County’s program will allow homeowners to pay for solar panels and other energy efficiency improvements over a 20 year period through property tax bills. The loans will 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 L.A.County able to do this?
L.A. County’s program is made possible thanks to California’s AB811 law, which allows loan programs to pay back investments in renewable energy systems through property tax payments.
When Will the Program Start?
Program details are still being mapped out, and implementation is planned for April 2010.
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