LOS GATOS, Calif., Feb. 23, 2016 /PRNewswire/ -- The Counties of Riverside, San Bernardino and the City of Sacramento are among the latest to approve and adopt PACEfunding's low interest rate solution for homeowners seeking to install energy and resource saving home improvement upgrades. PACE Funding Group brings advanced consumer lending experience to the nascent PACE financing market, and offers the lowest private sector residential PACE interest rates and the most stringent consumer protections. PACEfunding is pre-approved for municipalities that have adopted the California Statewide Communities Development Authority (CSCDA) Open PACE program. This latest eligibility announcement reflects PACE Funding Group's high-momentum expansion throughout counties and municipalities in southern California, and follows the recent addition of John Law to head up Government Relations.
"Because our PACEfunding interest rates are measurably lower than what has been available in the past, homeowners who choose PACEfunding will save thousands of dollars over the life of their PACE assessment," said Robert Giles, CEO of PACE Funding Group. "In addition, PACE energy efficiency upgrade projects, which include water conservation and solar projects, have the immediate effect of lowering home owners' monthly utility bills."
Property Assessed Clean Energy (PACE) is a program that provides long-term financing to residential and commercial property owners for renewable energy, energy efficiency and water conservation measures. Unlike traditional financing, PACE is not a loan. It is a voluntary special assessment or special property tax. Property owners repay the PACE assessment as a line item on their property tax bills.
"We are committed to providing California homeowners with a simple way to finance upgrades that improve properties while saving energy, water and money, and will continue to expand to new areas of California and across the nation," said Giles.
ABOUT PACE Funding Group LLC: Based in Los Gatos, California, PACE Funding Group is an approved full service PACE program manager in California. PACE Funding Group brings consumer lending experience to the PACEfunding solution, including lowest private sector residential PACE interest rates, most stringent consumer protections than any other PACE lender. PACEfunding financing solutions are available for a variety of pre-approved improvements to homes and buildings, including but not limited to solar power, solar thermal and energy efficiency improvements related primarily to HVAC, roofing, windows/doors and water conservation upgrades. For more information visit www.pacefunding.com.
SOURCE PACEfunding Group, LLC