PACE Financing

With PACE financing, you have the opportunity to access the funds you need to make energy-saving upgrades to your home. Sounds like the perfect solution, right? But is it too good to be true? Naturally, you may be cautious when considering any type of financing, especially when it comes to extensive home renovations. 

Attention to equity and inclusion for underserved communities of color is more pronounced today than ever. In recent reporting by Peabody Award-winning journalist Aaron Glantz, some stark statistics show that discriminatory lending practices still persist.

Small business owners have faced unprecedented hardship during the coronavirus pandemic. Many companies have been forced to lay off staff as profits have dramatically decreased during a nationwide shelter in place (SIP) orders. Even as states slowly reopen, companies have new challenges to face, including meeting new pandemic health guidelines while dealing with even tighter margins.

As homeowners know, there are many costs associated with running a household. You need to pay for your groceries, your mortgage, your internet bill, cable, and that pesky electric bill. But it turns out that you can make a serious dent in that last expense by taking advantage of easy-to-implement energy efficiency measures. Ready to start saving money? Want to reduce your carbon footprint? Keep reading for energy savings tips that you can use in your own household regardless of the season.

Your HVAC system is important for keeping you and your family comfortable in your home. If you’re suddenly dealing with a faulty AC unit before an impending heatwave or a failing heater during a cold snap, you can take steps to diagnose the issue yourself. Read the tips in our HVAC troubleshooting guide to earn what kind of issues demand the expertise of a professional.

Nothing compares to the comfort of home, until you start noticing room for improvement, that is. Perhaps recently, you’ve looked around and noticed room for improvement.  A leaky roof, high energy bills, or a kitchen straight out of the 1970s may be nagging reminders there’s still work to do to transform your house into your dream home. But renovations can be costly. 

It can be a bit overwhelming, but even if you don’t have enough savings to cover everything you’d like to fix, repair, or replace, you still have several financing options. Here are some things to consider:

Use these ENERGY STAR questions to determine if your HVAC system is on its last legs.The best heating and cooling (HVAC) system is one you don’t have to think about. In fact, you may not even give your HVAC a second thought until suddenly, your heater isn’t working during the cold winter months or your air conditioning fails during a sweltering summer heatwave. 

The Schwarzenegger Institute of the University of Southern Calfornia recently published a study highlighting the positive impacts of PACE (Property Assessed Clean Energy) Program on the economies of California and Florida. (This study covered PACE projects completed by Ygrene Energy Fund from 2013-2018). It was found that to date, Ygrene PACE projects have resulted in a reduction of 1.57 million metric tons of carbon dioxide emissions, an additional $3.2 billion in economic output stimulus, and 27,000 new job years created and sustained throughout local economies.

When you first start to think about making your home more energy efficient it is unlikely that you are thinking about a loan. You are probably considering options ranging from new windows to upgrading that outdated air-conditioning unit as part of your home efficiency upgrade plan, but then the reality of the expense starts to sink in. Of course you want to save money on a monthly basis but now you have to come out of pocket $10,000, $20,000 or even more?

Interested in financing a home improvement project? Until quite recently, home improvement financing typically meant getting a loan—often using your home as collateral.

Home improvement financing trends are evolving. Today, you can find a wide range of financing options out there, each with its own unique strategies for helping you enhance your home with the least possible financial burden.

You've probably heard a bit about the Property Assessed Clean Energy program also known as "PACE". But sometimes the explanation of what PACE is and how it works can be a bit confusing, so we want to cover the basics. This article will dive into 5 things you need to know about PACE before deciding if you should use it to pay for upgrades on your home or commercial building.