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Sun Bandit Qualifies for PACE Financing; Poised to Help Contractors Drive Solar Sales

Sun BanditThere’s a reason PACE has become one of the fastest-growing forms of financing in America. PACE is a job-creating machine. 

And Next Generation Energy’s Sun Banditthe world’s first PV-powered solar hybrid water heating solution to be certified by SRCC— is now eligible for financing with the nation’s largest and fastest-growing PACE providers. Read our news release by clicking here.

PACE is Property Assessed Clean Energy financing. It empowers owners of residential, commercial, industrial and multi-family properties (even certain non-profit owners) to obtain $0-down, long-term financing for renewable energy, energy efficiency and water conservation improvements without encumbrance of their personal or business credit. And these upgrades often qualify for a 30% investment tax credit and other state and local improvement incentives.

Sun Bandit ICC-SRCC OG-300 certified models with electric, natural gas and propane back-up are eligible for PACE financing through Renovate America’s HERO Program — the fastest growing energy efficiency program in the nation.

PACE: A Proven Accelerator of Solar Sales & Adoption

PACE industry advocacy group PACENation asserts PACE providers across the U.S. have facilitated over $3.6 billion in residential and commercial property improvements, creating over 37,000 jobs.

Renovate America’s HERO Program is among the PACE providers that will finance Sun Bandit projects. With over $2.1 billion in PACE-financed improvements in its portfolio, HERO is the nation’s largest residential PACE program. HERO has helped finance energy and efficiency improvements across more than 87,000 homes since it launched five years ago. 

PACE programs like HERO equip contractors with an expanded menu of financing options and protections for property owners, many of whom want to improve their properties, live more sustainably or reap the myriad tax incentives that often accompany solar, water conservation and energy improvements but didn’t think they could afford them.  

PACE programs also provide an important lead generation function by helping property owners identify qualified contractors to install PACE solutions like Sun Bandit in residential and commercial sectors.

PACE is alive and thriving. According to PACENation, PACE-enabling legislation is active in 33 states and Washington, D.C. — and PACE programs are currently operating in 19 states and the District of Columbia. Residential PACE is currently offered in California, Missouri and Florida.  

“Sun Bandit’s eligibility for PACE financing brings a lower cost of entry to the solar PV marketplace, putting Sun Bandit’s solar hybrid water heating solution within reach of just about any property owner,” observed Next Generation Energy CEO Dave Kreutzman. “This innovative financing mechanism dovetails beautifully with Next Generation Energy’s commitment to make money-saving solar innovations like Sun Bandit more accessible to property owners across America,” Kreutzman said.

Click here to find a PACE financing program near you. 

Call 1-877-NGE-4SUN (1-877-643-4786) to discuss how Sun Bandit can add value to your sustainable housing needs and enhance your company’s bottom line. Dealer and distributor opportunities available.

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