In recent years, REALTORS® have worked to create new standards to protect consumers accessing financing thru the Property Assessed Clean Energy (PACE). As a result of those efforts, we have helped to pass a series of laws that leave us confident that new PACE consumers are far better protected than their predecessors.
TIGAR is now beginning a comprehensive review of another sector of the clean energy financing industry – namely third-party solar power agreements. Many homeowners are using various forms of solar system lease or power purchase agreements to finance rooftop power generation. The fine print of these varies in important ways by company, with some proving detrimental to homeowners when it comes time to sell. Other financing plans turn out less financially sensible than initially calculated.
Our Legislative and Government Relations Committee is planning to schedule a series of workshops to collect more details, discuss solar energy financing regulations and practices and recommend steps to address any issues we identify. We welcome input from all members interested in the issue.
If you have experiences, positive or negative, that you feel would help complete our understanding of these agreements, please contact Government Affairs Director Paul Herrera at firstname.lastname@example.org or 951-500-1222.
The Inland Gateway Association of REALTORS®