PACE and your income taxes.

The interest that you pay on your PACE assessment may be tax deductible. According to the IRS, it’s similar to home mortgage interest.

If you’re considering a solar-related home improvement project, it may be eligible for income tax incentives as well — up to 30% of the project cost through the 2019 tax year.

Any rebates or incentives you receive can be used to pay down the PACE assessment balance as a prepayment.

Renew Financial is not a tax advisor and does not provide tax advice. For more information on the potential tax savings or incentives of financing with PACE, please consult your tax advisor.