LOS GATOS, Calif., Aug. 30, 2016 /PRNewswire/ -- The county of Sacramento and the city of Riverside are among the latest to adopt and approve PACEfunding's low interest rate solution for homeowners seeking to install energy saving home improvement upgrades. Residents of these cities may now submit applications for PACEfunding financing through an approved contractor. The City of Sacramento and the County of Riverside opted into the program earlier this year and their residents who have chosen PACEfunding are already benefiting from the rewards.
"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 PACE Funding Group
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.
PACEfunding is pre-approved for municipalities that have adopted the California Statewide Communities Development Authority (CSCDA) Open PACE program.
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 strong software technology, renewable financing and capital markets experience to the residential PACE sector, resulting in the lowest private sector residential PACE interest rates. PACE Funding's 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 PACE Funding Group, LLC