June 14 (Renewables Now) - California-based solar technology company Solaria Corp and CleanFund Commercial PACE Capital have formed a partnership that aims to make building Integrated photovoltaics (BIPV) more affordable for commercial property owners.
The pact, announced on Tuesday, combines Solaria's customisable product line with the benefits of PACE (property assessed clean energy) financing.
"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 of Solaria. "Now we can offer customers a viable option for funding and installing an architectural solar system, especially important for net zero energy projects," Paret added.
The partners say that the programme can solve most credit challenges in commercial solar project financing as PACE is secured by a parcel tax assessment with payments billed through ordinary property taxes.