Did you know that, whether or not you have an existing solar energy system, you can tap into a combination of up-front incentives, financing, to build up your savings into a 6-Month Emergency Fund and lower monthly costs?
Once-considered luxury items, such as Solar Power, Plug-In Vehicles, and Energy Storage, now payback quickly for cash purchases and are within reach for most homeowners, due to up-front incentives and lower total monthly costs from loan or Property Assessed Clean Energy financing.
Makello can provide you with a FREE Energy Savings Estimate! If you share your utility data with us we can create a solar energy system that is specific to your needs. We will NOT share your data.
Our model can also show the cost saving benefits of a Plug-In Vehicle or Energy Storage system, or both, in addition to your solar system. All of our team works to get you the most comprehensive, thorough Energy Analysis in the San Diego area as quickly as possible.
The software engineers are constantly updating our computer model to reflect the most current utility rates and product costs. We have a dedicated GIS analyst who can qualify you for as many rebates and incentives possible. Our Energy Efficiency experts can also provide other solutions to reduce energy costs such as appliance changes or switching utility rates. Press one of the buttons to see how much you can save!
Pandemic stressing out the family finances? Turn your home and vehicle into a clean energy emergency fund!
Getting laid-off is stressful even in the best of times. In the midst of a pandemic, job loss and financial surprises can drain your savings account fast. Did you know that whether or not you have an existing solar energy system, you can tap into a combination of upgrade incentives and financing that can return money to you. A Solar, Plug-In Vehicle and Energy Storage lifeline!
Recently, a solar-powered homeowner asked Makello to quote adding a Level 2 electric car charger for their Nissan Leaf, an installation often priced at $500 or less. Most solar companies refuse to take these small jobs as they are unprofitable for the installer.
But at Makello, we look at things differently. We know from experience that with the dizzying array of Solar Power, Plug-In vehicle, and Energy Storage incentives and energy cost savings, energy upgrades can pay for themselves. When the homeowner shared that their rooftop solar was installed for free under a low-income residential solar program (SASH), and that they had been laid off due to the pandemic, we started crunching numbers to see what we could do.
We offered a plan to improve the homeowner’s cash flow and create a 6-month emergency reserve fund out of available incentives.
As you can see in the savings over time graph, the system is cash flow positive every year, meaning lower annual cost, through the term of the PACE financing, and then savings accelerates.
Incentive Finder – Makello’s own GIS mapping database uses the home’s geographic location to determine eligibility for a wide variety of energy upgrade grants, rebates, discounts and tax credits.
Optimize Upgrade – Makello’s own Energy Analysis software shows the optimal Solar, EV, and Energy Storage upgrade plan, for the eligible incentives. In California, benefits such as emergency backup power for home and vehicles, water pumps, air-conditioning, air-purifying and fire-fighting equipment can all be worked into the upgrade plan. In this case, Makello showed that a larger upgrade would tap into $23,448 in incentives, and give the homeowner more solar, energy storage, a second EV and Level 2 charger.
PACE program financing – The State of California offers a Property Assessed Clean Energy (PACE) financing plan. Homeowners can qualify based on a recent tax return or pay stubs. The financing does not appear on a credit report, is not considered a loan, does not trigger a property reassessment, and can transfer to the next home buyer.
Create a 6-month financial ‘lifeline’ – Makello’s “Lifeline” incentive payment program tracks the incentives and requirements, and allows the homeowner to choose the best time to draw on their earned incentives. In the example used here, a homeowner can decide after receiving the up front incentives to purchase a new or used Plug-In Vehicle, further reducing their monthly costs, or pay their most urgent bills, such as mortgage, food, and medical.
Makello’s GIS mapping database, uses county parcel location to help homeowners determine eligibility for a wide variety of solar programs. We also use mapping to help non-profit organizations to design programs in disadvantaged communities that promote solar energy and electric vehicle incentives for economic and environmental benefit.
Makello works with non profits and other agencies to create maps for Environmental Justice initiatives.
How the PACE Program works:
The PACE program is intended for those that can demonstrate the ability to pay. Homeowners provide a recent tax return or a pay stubs for income verification, and credit check, and Makello provides the Energy Analysis to show that the energy efficiency project will be cash flow positive.
Book a FREE 15 minute appointment to: 1) Find out how Makello can help you. 2) Discuss your energy needs. 3) Get a FREE Energy Savings Estimate.
PACE financing ranges from 5 to 30 years term for solar, 10 years for Energy Storage, and can be used for other energy efficiency improvements, such as electric panel upgrade, EV Charging, and a long list of energy efficiency upgrades. PACE can be as low as $0 down. It provides tax deductible interest.
For our homeowner in this example, Simple Payback is possible in 3.7 years through Annual Energy Cost Savings. That means it’s a good deal for a cash purchase or loan. For those on a fixed income, traditional loans might not be a viable option. In the cases where PACE financing is Cash Flow Positive, we can present the PACE option as an alternative to traditional loans and leases.
Makello provides full disclosure about PACE terms and program information, as well as programs offered through banks and credit unions. Please contact us and we’ll be happy to discuss the alternatives.
Recently, a solar powered homeowner inquired about adding a Level 2 charger for a 2013 Nissan Leaf, typically a $400 installation. Most solar companies would refuse the job due to low profit.
In Case of Emergency, An “Energy Upgrades Lifeline” Pays For Itself.
Makello rose to the challenge and used our Energy Analysis tool to present an “Energy Upgrades Lifeline” option that improves the homeowner’s cash flow and can provides a “6 Month Emergency Fund”.
Parcel level GIS mapping software made by Makello, is used to determine eligibility qualifications for a wide variety of energy upgrade grants, rebates, discounts, credits and deductions.
Makello works with non profits and other agencies to create maps for Environmental Justice initiatives.
The rooftop solar on the home was installed for free in 2012 by Grid Alternatives through the SASH program, for qualified low-income residential California homes. An Energy Upgrade Lifeline can work even if the property already has solar.
One of the homeowners was temporarily laid off due to the pandemic. An Energy Upgrade Lifeline can qualify for financing by the State of California based on prior year tax return.
Makello’s Ethical Energy & Cost Savings Analysis provides $23,448 Incentives upfront for adding more solar, energy storage, a 2nd EV and a Level 2 charger.
What makes the solution possible is a Property Assessed Clean Energy (PACE) financing method that does not appear on the credit report, is not a loan, does not trigger a property reassessment and can transfer to the next home buyer.
PACE financing ranges from 5 to 30 years term for solar, 10 years for energy storage, and can be used for other energy efficiency improvements. PACE can be as low as $0 down, it provides tax deductible interest, there are no pre-payment fees, and no credit minimum.
The PACE program is intended for use by those that can demonstrate the ability to pay. There are safeguards to protect against abuse, such as a soft pull credit check, income verification from a recent paycheck or tax return, and a requirement that the energy efficiency project is cash flow positive, as it is here:
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What makes the solution a “Lifeline” is that the incentives payments can be used as a reserve. In an emergency, the basic expenses such as mortgage payment, food, and medicine are met. The system is designed to be cash flow positive, meaning lower cost monthly and annually, than the baseline status quo.
Makello’s “Lifeline” Incentive Payment timing gives the homeowner flexibility to make decisions on what to do with the money and when to put the reserve to use. In this case, after 6 months, the homeowner can decide to use some or all of the Incentives to purchase a Plug-In Vehicle to further increase energy cost savings, or for another important use.
Simple Payback is possible in 3.7 years through Annual Energy Cost Savings. That means it’s a good deal for a cash purchase or loan. For those on a fixed income, traditional loans might not be a viable option. In the cases where PACE financing is Cash Flow Positive, we can present the PACE option as an alternative.
(Click to enlarge) As you can see in the savings over time graph, the system is cash flow positive every year through the 10 year PACE financing and then savings accelerates.
Book a FREE 15 minute appointment to: 1) Find out how Makello can help you. 2) Discuss your energy needs. 3) Get a FREE Energy Savings Estimate.
Makello’s Optimal Cost Savings Plan has other benefits for California in 2020, such as emergency backup power for home and vehicles, water pumps, air-conditioning, air-purifying and fire-fighting equipment.
Makello is ethical in our approach, offering full disclosure about PACE terms and program information, bank and credit union loan alternatives.
