Many payment options including credit cards and installment loans are not tax deducible. However, if you own your home, you probably know that you can deduct your mortgage interest from your taxes. It’s a nice tax break, but it’s only the interest that you get to deduct.
That’s the way it is for every other funding source except PACE Funding.
Because the PACE Funding is paid back through increased property taxes on your home, the entire amount of the payment — principle AND interest — is deductible from your taxes.
This is like getting a third of your payment lopped off and put back in your pocket. It’s one of the things that makes PACE Funding such a great deal. Some other benefits include easy approval , no-money-down and no pre-payment penalty.
There Are Also Numerous Rebates & Incentives
Of course, which additional tax benefits, rebates, and incentives you are eligible for depends on exactly where you live and which projects you include in your energy remodel, but the point is that there are numerous additional incentives you can take advantage of — and AGILE works to ensure you get the benefit of all the money you are eligible for