LOS GATOS, Calif., April 14, 2016 /PRNewswire/ -- PACE Funding Group and the Association of Bay Area Governments (ABAG) have signed an agreement to facilitate PACEfunding's lower cost, lower interest PACE financing to more than 100 jurisdictions in nine San Francisco Bay Area Counties. PACEfunding's PACE financing (Property Assessed Clean Energy Financing) is ideal for Bay Area homeowners seeking to install energy and resource saving home improvement upgrades.
"ABAG is the latest California government association to recognize the high consumer protections standards that the PACEfunding solution brings to homeowners seeking to maximize the value of their home with PACE upgrades," said John Law, VP of Government Relations at PACE Funding Group. "We're proud to gain acknowledgment from ABAG that PACEfunding offers transparency, stringent consumer protections, and a collaborative spirit working with Bay Area local governments."
PACE (Property Assessed Clean Energy) is a simple and effective way to finance energy efficiency, renewable energy, and water conservation home upgrades to buildings. Homeowners across the U.S. are using PACE because it saves them money on utilities and increases home values. PACE pays for 100% of a project's costs and is repaid for up to 20 years with an assessment added to the property's tax bill.
"PACEfunding's adherence to high consumer protections standards makes it a solid PACE financing choice for Bay Area cities and counties seeking to offer their homeowners a way to finance PACE improvements, which are shown to lower utility bills, improve air quality and mitigate climate change," said Jerry Lahr, Energy Programs Manager for ABAG.
The Association of Bay Area Governments (ABAG) is the comprehensive regional planning agency and Council of Governments for the nine counties and 101 cities and towns of the San Francisco Bay Region. The region encompasses Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Solano, and Sonoma counties.
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 the lowest cost, lowest private sector residential PACE interest rates and the most stringent consumer protections of 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 PACE Funding Group