Pacific Electric Solar partnered with First US Finance LLC and will allow individuals and companies to finance 100% of their residential and commercial solar systems throughout Southern California with a variety of finance programs. The Ventura County based solar company specializes in roof top, ground mount and custom designed systems. They provide unique and custom applications for every roof type and design and install both on and off grid systems.
Pacific Electric Solar employs a highly skilled design team, enabling the company to maintain quality control from conception to completion. Their in-house experts determine the best system by performing a cost-free on-site evaluation, including a 12-month utility bill and shading analysis. Their engineers then determine the right equation for optimum efficiency to produce the perfect custom system for the customer’s energy usage while controlling job costs which further increases the customer’s overall savings. Utility bill savings from a well designed solar installation will normally allow customers to break-even in as short as 7-10 years.
The number one emerging trend in residential rooftop solar is the shift from energy purchase agreements to solar loans that allow direct ownership of the system. According to Lester Salvatierra of First US Finance LLC, this sharply reduces the cost of capital because there is no buyout payment at the end of the finance term, at which point the owner has complete control of the system and enjoys 100% of the energy savings.