PACE financing allows property owners to finance the entire cost of wind resistance, energy efficiency, and renewable energy upgrades to their homes and businesses and then repay those costs as a line item on their property tax bill.
Israel La Red, the owner of FB Doors, a company specializing in anti-hurricane improvements added, "Hurricane Matthew was a close call, but it's not the last hurricane Floridians will face. Our customers know that another hurricane is coming eventually, but many of them don't have the surplus cash available to make important upgrades to their homes—upgrades that will make their homes more secure for their families. RenewPACE enables us to help those homeowners, while also creating local jobs and increasing property values. It's a win for everyone."
About Renew Financial
Renew Financial is one of the nation's leading resilience and clean energy financing companies. Founded in 2008 by former White House appointee and US Department of Energy official Cisco DeVries—who first developed the concept of Property Assessed Clean Energy (PACE)—Renew Financial now provides multiple financing products in states across the country. In 2009, PACE was named by Scientific American as one of the top 20 ideas that can change the world. PACE was subsequently identified by the Obama Administration as a national policy priority and, in July 2016, it received favorable regulatory guidance from the Federal Housing Administration (FHA) and the Veterans Administration (VA).
Renew Financial's other financing products include residential consumer loans (ReHome), utility on-bill financing, and others. Renew Financial partners with Rainforest Trust to preserve endangered rainforests with a donation made for every completed project. Renew Financial is a pending trademark of Renewable Funding Group, Inc.
Additional information may be found at:
renewfinancial.com | @RenewFinancial | LinkedIn | Facebook | Blog
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SOURCE Renew Financial