install solar pace financing

Solar PACE Financing

 in Prince Edward Island

Property Assessed Clean Energy (PACE) is a financing model which allows building owners and developers to cover the cost of installing solar energy with no money down. The financing is done through a low-interest loan that is repaid through the property tax bill. Unfortunately, PEI solar financing such as PACE isn't available.

However, Naveco Power offers a PACE alternative. Naveco can provide the same type of solar financing for businesses with no upfront costs. We believe that everyone deserve the right to accessible solar solutions, which is what we can provide in the meantime while advocating for PACE financing to come to Prince Edward Island. Click the button below to see the estimated savings your business could receive through solar financing.

Other PEI solar financing and rebates

Prince Edward Island solar financing

efficiencyPEI’s Solar Electric Rebate Program provides incentives for PEI homeowners, farms and businesses to install solar PV panels. 

Residential:

$1000/kilowatt installed

Maximum of $10,000 or 40% of eligible costs, whichever is less

Commercial / Farm:

$350/kilowatt installed

Maximum of $10,000 or 40% of eligible costs, whichever is less

install solar pei

Vancity Eco Efficiency business loan offers a preferred interest rate, financing for up to 100% of your capital upgrades, and flexible repayment terms to help you manage cash flow.

Vancity's Eco-Efficiency loan offers extended amortization. This reduces your monthly payment amounts so that they match your expected monthly energy savings.

Energy Loan PEI

Receive a 1% interest rate discount or a $100 rebate on a home energy audit with a qualifying purchase through a fixed rate loan over $5,000. RBC contact number:  1-800-769-2511.

NS Solar rebate

CMHC offers a premium refund of up to 25% on the CMHC mortgage loan insurance premium when you buy or build an energy-efficient home, or you buy an existing home and make energy-saving renovations.