PACE stands for Property Assessed Clean Energy
The PACE Loan program offers financing for large-scale energy and water efficiency upgrades. Property owners can receive 100% financing for these upgrades, repaid as a property tax assessment for up to 25 years. The interest portion of the payment can be tax deductible.
Energy efficiency improvements work best as whole-house projects. PACE encourages this concept, and thus is meant for large-scale work (upwards of $50,000). But some homeowners are hesitant to invest so heavily in their home, especially if they plan on moving in the future. The PACE program solves this problem by allowing the remaining balance to be transferred to a new owner.
Eco Performance Builders is a PACE approved contractor
We are registered with both the Hero Program and the Renew Financial CaliforniaFIRST program. They work similarly:
Hero Loan Program
- Approval is based on equity, not credit score
- 5-25 year terms with fixed rates
- Borrow up to 15% of the home’s value
- Payments are made through your property tax bill
- If you sell your home, you can transfer the remaining balance to the new owner
- No prepayment penalty
Renew Financial CaliforniaFIRST
- Approval is based on equity, not credit score
- 5-30 year terms with fixed rates
- Borrow up to 15% of the home’s value
- Payments are made through your property tax bill
- If you sell your home, you can transfer the remaining balance to the new owner
- No prepayment penalty
To find out if a PACE loan is right for you, or for more information on Hero or Renew Financial, call (925) 363-4498 or e-mail info@epbuilders.com to speak to a technician, or schedule an energy audit.
PACE offers a way to increase property value, decrease utility costs, and help the environment, with no upfront cost.
The program is designed to promote energy efficiency upgrades and create jobs, while remaining tax neutral, meaning it will not affect a county’s general fund.
The programs vary by state and region. When you apply for Hero or Renew Financial CaliforniaFIRST, your location will determine eligibility and specific details.
PACE Loans can be used to finance upgrades to any of the following:
Duct Work
Lighting
Ventilation Systems
Water Pumps
Solar Panels & Fuel Cells
Water Pumps
Solar Panels & Fuel Cells
[dropshadowbox align=”none” effect=”lifted-both” width=”640px” height=”” background_color=”#ffffff” border_width=”1″ border_color=”#dddddd” ]Eco Performance Builders is a PACE approved contractor. To find out if a PACE loan is right for you, call (925) 363-4498 or e-mail info@epbuilders.com to speak to a technician, or schedule an energy audit.[/dropshadowbox]
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