Anthony & Pamela B. from Alameda, CA
The project we completed was for new windows, siding, and insulation in the house. The main driver for the project was putting new siding on the house as it was in disrepair, but then we also wanted to replace our windows. We wanted to have a warmer feeling house and save money on our energy bill. Once we decided we wanted to do that, we started looking into PACE financing in more detail.
We considered different financing options, including using our home equity line of credit, but we decided to save those other options to finance an Accessory Dwelling Unit (ADU). We did our due-diligence before applying to understand the benefits and drawbacks to PACE financing.
In our situation the program addressed our objectives. A word of a advice to homewoners, is that there will always be positives and negatives, but as a homeowner you just have to do your homework and realize that there is a higher interest rate, this goes on your property taxes and understand what that means, and that this is not free.
Overall, we are very satisfied with our decision and our experience dealing with Renew Financial. If we were talking to a friend we’d say that PACE financing is a great option for financing home improvements when other options may not be available or optimal for your needs.
If you want to do something that has a renewable energy component to it such as renewable-energy, safety, or energy-efficiency, PACE is definitely worth considering because it may be a great way to do it. Just be aware of the interest rates tend to be a little higher, you have to think about what it means to have this as a property tax assessment and how that may affect your mortgage, if it even would. PACE is a great thing to look at and it worked well for us.
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The information provided by Renew FInancial ("we," "us" or "our") on this page is for general informational purposes only. These estimonials reflect the real-life experiences and opinions of such customers. However, the experiences are personal to those particular customers, and may not necessarily be representative of all users of our products and/or services. We do not claim, and you should not assume, that all customers will have the same experiences. Your individual results may vary.
The views and opinions contained in the testimonials belong solely to the individual customer and do not reflect our views and opinions. These customers obtained PACE financing through Renew Financial and were compensated accordingly for their time to share their experience and opinion.