Solaria BIPV technology now available through CleanFund Commercial PACE financing

Solaria BIPV

Builiding Integrated Photovoltaics (BIPV) just got a little more affordable. CleanFund Commercial PACE Capital, formed a financing partnership with Solaria Corp. to offer long-term financing for its building skin technology. By providing commercial building owners access to Solaria’s customizable product line, along with the benefits and flexibility of C-PACE financing, this SolarPACE collaboration maximizes the availability of long-term incentives to developers who implement architectural solar  into commercial projects.

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SolarPACE explained

SolarPACE is designed to maximize cash flow, with terms up to 30 years. It can solve most credit challenges found in commercial solar project financing, since C-PACE is secured by a parcel tax assessment with payments billed through ordinary property taxes. Owners often have the option to pass all or a portion of the C-PACE payments to tenants, who also benefit from lower energy costs. With flexible options to utilize solar tax credits, SolarPACE enables build-ing owners and developers to stay within project budgets and lower overall project costs.

Financing beyond FICO: Using asset-backed loans, PACE to get solar deals done

“Solaria is privileged to partner with the leading provider of a nationwide financing platform that makes building improvements affordable for commercial property owners,” said Udi Paret, GM Building Solutions, Solaria Corporation. “Now we can offer customers a viable option for funding and installing an architectural solar system, especially important for net zero energy projects. This is a significant competitive advantage for our industry partners who offer their own warran-tied ‘powered-by-Solaria’ architectural solar products.”

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