Buying a solar photovoltaic (PV) system is a big investment, one that may not pay back for 10 to 15 years. Ideally, you would want to live in the home long enough to get a payback on your investment. If you pay for your Solar PV system using a PACE loan, the loan stays with the house:
- If you are thinking of moving, it is difficult to predict whether the solar panels will add value to your home at selling time. It depends on how old the panels are and how much potential buyers value the solar panels.
- Other options exist that allow you to avoid the big initial investment, and instead pay a flat monthly fee for the use of your solar panels with an annual true-up charge. Work with a Solar provider to find out which options works best for you.