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Financing Options

Go SOLAR Broward Rooftop Solar Challenge will investigate potential financing options for the installation of rooftop photovoltaic (PV) systems in residential and small commercial structures, identify the benefits and challenges of each option, recommend the most feasible alternatives for Broward County, and advocate for legislative action, if necessary.

Phase 1 activities will center on learning and educating for alternative financing options for residential and commercial PV systems.

Finance Survey Results: Broward County conducted  a Rooftop Solar Photovoltaic (PV) Financing Survey on-line to better understand financing issues for three audiences: Property Owners, the Solar Industry and Financial Institutions. Key topics included awareness of financing options, financial barriers to installing Solar PV systems, interaction between solar industry and their customers, the relationship of solar industry with financial institution, and the role of government in supporting the financial side of Solar PV. The results of the 78 surveys submitted is here.

Research and Learn: Program staff will work with a sub-group of local and regional financial leaders and experts in the solar power field to identify various options for financing PV systems and identify underlying barriers (e.g., statutes, insurance issues) in Florida.

Educate: Toward the end of Phase 1, the Broward  Go SOLAR Program will convene a one-day workshop to discuss the applicability of various financing options, including PACE, PPA's, New Market Tax credits, direct financing mechanisms, indirect third-party financing, etc. Attendees will include financing experts, solar installers, potential customers, legal experts, and regional stakeholders who can share their experiences or offer future partnerships.

Go SOLAR Financing Best Practices (pdf-8.04MB)

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