Property Assessed Clean Energy (PACE) Financing Programs

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Property Assessed Clean Energy (PACE) is a voluntary financing program available for property owners of residential, commercial and industrial properties to pay for energy efficiency, water conservation, and renewable energy generation improvements to their homes or business. PACE program benefits include:

  • Up to 100% financing is available, with no out of pocket expenses
  • Loans are paid on your property tax bill, not to a financial institution 
  • Payments are fixed, with terms up to 25 years
  • Since the loan is paid on your property tax bill, it is transferable with the sale of the property
  • Efficiency projects reduce utility bills, keeps money local, and creates jobs

Residential Providers

HERO
HERO is a PACE (Property Assessed Clean Energy) program that provides financing for energy-efficient and renewable energy products. In the state of California, HERO provides these same financing options for water-saving and drought-resistant products. Approval for HERO is primarily based on the equity in your home and your debt payment history, rather than your credit score. HERO finances 100% of the cost to purchase and install eligible products, with fixed rates and flexible terms of 5-20 years, depending on the improvements you choose.

AllianceNRG Program
The AllianceNRG Program offers residential property owners a simple and dependable financing solution for energy efficiency, renewable energy, water conservation and seismic strengthening projects. The program offers up to 100% financing at competitive fixed rates over the useful life of the improvements, up to 20 years. The AllianceNRG Program combines responsiveness and creativity with the resources of global firms to provide a powerful financial tool for improvements that matter most to you.

CaliforniaFIRST
CaliforniaFIRST provides financing with no money down for home energy efficiency, renewable energy, and water-saving upgrades. With PACE financing, your borrowing potential is based on your home equity, and it's repaid on your property taxes over the course of 5-25 years at a fixed rate that never rises. You can borrow up to 15% of your property value, and the balance may transfer to the new owner upon sale of the property. The CaliforniaFIRST program solves many of the financial hurdles facing property owners wanting to install energy and water improvements.

PACEfunding
PACE Funding Group's financing is available to property owners throughout the State of California for a variety of pre-approved energy efficiency improvements including but not limited to solar electric, solar thermal, HVAC, roofing, windows/doors and water conservation equipment. Through its PACE PowerTool™ software platform, PACE Funding provides contractors an easy to use tool that quickly generates quotes for eligible projects, fills out customer applications, submits applications for underwriting decision, generates financing documents and e-signs documents- all during a contractor’s consultative call with an interested property owner.

YgreneWorks
Ygrene Energy Fund’s award-winning YgreneWorks program provides 100 percent, no money down PACE financing enabling property owners to make energy efficiency, renewable generation and water conservation improvements to residential, multifamily, commercial and agricultural buildings. Payments are conveniently made through property tax bills.

Commercial Providers

AllianceNRG Program
The AllianceNRG Program offers commercial property owners a simple and dependable financing solution for energy efficiency, renewable energy, water conservation and seismic strengthening projects. The program offers up to 100% financing at competitive fixed rates over the useful life of the improvements, up to 20 years. The AllianceNRG Program combines responsiveness and creativity with the resources of global firms to provide a powerful financial tool for improvements that matter most to you.

CaliforniaFIRST
Commercial PACE allows commercial property owners to finance energy efficiency, renewable energy, water efficiency and seismic improvements for their businesses and multifamily residential projects. The financing is then repaid on property taxes over the course of up to 25 years. Commercial properties include all nonresidential properties, such as multifamily buildings (four or more units), industrial, retail, agricultural and office properties. Commercial PACE can also finance eligible clean energy, water conservation and seismic measures in new construction. This can allow a developer to significantly reduce their cost of capital and future operating costs by developing an energy efficient project.

CleanFund Commercial PACE
CleanFund Commercial PACE Capital provides long-term financing for energy efficiency, water conservation, renewable energy, and seismic improvements to commercial properties. CleanFund's PACEDirect™ flexible financing program enables property owners to install modern energy and water technology with no up-front cost, increasing property cash flows and value. CleanFund’s SolarPACE™ financing specifically addresses the demands of commercial property owners enabling immediate positive cash flow, with a financing term of up to 30 years. CleanFund provides capital using Property Assessed Clean Energy ("PACE"), a financing structure adopted in 32 states and the District of Columbia that allows property owners to repay investments for building upgrades and new construction via a new line item on their property tax bill. CleanFund is a direct capital provider focused exclusively on the commercial property sector. 

YgreneWorks
Ygrene Energy Fund’s award-winning YgreneWorks program provides 100 percent, no money down PACE financing enabling property owners to make energy efficiency, renewable generation and water conservation improvements to residential, multifamily, commercial and agricultural buildings. Payments are conveniently made through property tax bills.