5 reasons you could be eligible for CaliforniaFIRST (even if you think you're not!)
At CaliforniaFIRST, we believe energy efficiency should be universally accessible to all homeowners, regardless of financial status and other factors. That's why we created Property Assessed Clean Energy (PACE) financing. PACE brings home efficiency upgrades into reach for more than4 million homeowners across the state, turning water-saving and energy-saving upgrades into affordable options for more California families than ever before. If you've had any concerns about making energy efficiency, renewable energy, or water-saving upgrades to your home, now is the time to reconsider:
1. "I can't afford to pay for a home improvement project, even with financing."
Our financing program, which covers a range of eligible efficiency products, doesn't require a down payment and has no out-of-pocket or upfront costs. CaliforniaFIRST provides100% financing for your efficiency project. Once the upgrade is complete, you begin repaying the cost of the upgrade on your property tax bill.
2. "I can't afford to repay the cost of the project."
Therepayment periods are flexible: terms can range from5 to 25 years. You can alsoborrow up to 15% of your property's value for your home energy or water upgrade. Our representatives will work with you to find the right repayment plan for your needs and budget.
3. "My credit score is too low. I'll never be approved."
Eligibility to our program isnot based on personal credit score; having a low credit score won't affect your ability to be approved. Additionally, the financed amount of your efficiency project is not reported to the credit bureau and will not be listed as a monthly liability.
4. "This isn't my family's 'forever house' - what happens if we move?"
No need to worry. The remaining balance of the PACE financing may transfer to the new owner upon the sale of the house, meaning the cost of the upgrade effectively stays with the property. Did you know your efficiency upgradeincreases your home's resale value?
5. "I don't have the time to do loads of paperwork."
We know you're busy. That's why we designed our application process to be as easy and streamlined as possible, making sure you get notification of approval in a timely manner. Start by reviewing our brief eligibility criteria and entering your address to check your eligibility. If you're worried about finding a qualified contractor, don't be! We'll even help you find an approved CaliforniaFIRST contractor who will complete your efficiency project. Don't let these concerns get in the way of the home energy or water upgrade you need! Contact our financing experts at 844-589-7953 to discuss your options today.