Eligibility of energy storage for PACE financing shows technology is rapidly maturing, says Sonnen

Facebook
Twitter
LinkedIn
Reddit
Email
Sonnenbatterie recently rebranded as Sonnen. Image: Sonnen.

The eligibility of energy storage systems for a programme financing energy efficiency and renewables through property tax assessment shows that the technology is maturing rapidly, according to the CEO of the North American arm of Sonnenbatterie.

The energy storage provider, now branded as Sonnen, launched into the US earlier this year, racing Tesla to establish a presence in the residential market and also services commercial businesses which want to reduce peak demand charges.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The company said its storage systems met the criteria for approval in the HERO programme this month. Under the US government’s property assessed clean energy (PACE) financing scheme, HERO allows homeowners a tax rebate for installing solar, energy efficient water pumps and other clean technologies like storage on their properties.

“The financing comes through property tax – it’s on the property tax bill that you get every year, the financing is dealt through that. It’s a very interesting interest rate for the homeowner,” Boris von Bormann, Sonnen’s North America chief said, citing expected rates of between 3% and 8%, based on metrics such as value of the home and customer credit rating.

“So the homeowner has to finance their storage system through their property tax bill. It’s a reduced amount of interest, given through the government and recuperation comes every year, it’s just added to your bill, so you don’t have to think about it a lot, it’s a very easy financing mechanism.

“It’s not going to show up on your credit rating, which is nice for the homeowners. It makes the purchase a lot easier for the homeowner.”  

Prices of energy storage systems, particularly lithium-ion based ones such as Sonnen’s, have fallen considerably due in no small part to a fall in battery prices of around 50% since 2009 according to research firm IHS. However unlike solar PV, the technology has so far for the most part not been recognised for long term funding mechanisms of the type that drove the rooftop leasing market in the US, for example. Another aspect of HERO being touted as one of its strengths is the fact that it is a way to help finance clean energy technologies without calling for direct subsidies from the public purse.

For the full version of this story, including an explanation of why the rebranded company actively welcomes the commoditisation of stationary storage batteries, visit PV Tech Storage.

Sonnen's Boris von Boormann and Germany HQ chief Christoph Ostermann (pictured) spoke to PV Tech Storage at the launch of a new energy trading platform last week in Berlin. Image: Andy Colthorpe.
2 February 2027
London, UK
Returning in 2027 for its 14th edition, Solar & Storage Finance Europe will bring together the brightest minds representing funds, banks, developers, utilities, government and industry across Europe and the UK on a programme that is solutions-focused from top to tail. The event is designed to enable leaders at the forefront of solar and storage investment and deployment in Europe to scale, learn and land themselves industry defining partnerships.

Read Next

November 4, 2026
rPlus Energies has closed a revolving credit facility of up to US$450 million to support its project pipeline across the American West.
November 3, 2026
New Zealand solar developer Lightyears has secured NZ$174 million to accelerate its solar PV build-out across the country.
November 2, 2026
Bryen Alperin, partner at Foss & Company, explains the real risks for tax credit buyers, and why most can be handled in diligence.
November 2, 2026
Neoen has secured AU$1.8 billion in debt financing from 13 lenders for a 1.2GW Australian renewables and energy storage portfolio.
Premium
October 30, 2026
Renewabl's JP Cerda speaks to PV Tech Premium about changing corporate procurement strategies and the impact of negative electricity prices.
October 30, 2026
US solar manufacturer First Solar reported net sales of US$1.23 billion for the third quarter of 2026, down 23% year-on-year.

Upcoming Events

Solar Media Events
November 24, 2026
Warsaw, Poland
Solar Media Events
February 2, 2027
London, UK
Solar Media Events
April 20, 2027
Istanbul, Türkiye