Smart home energy financing


RenewPACE: Innovative energy financing for homeowners

With RenewPACE financing, you can receive $0 down financing for energy efficiency, renewable energy, water-saving, and resiliency upgrades, repaid on your property taxes over the course of 5-30 years. With RenewPACE financing, the amount you can borrow is based on your home equity, and the interest rate is fixed, with no surprises. You can borrow up to 20% of your property value, and the balance may transfer to the new owner upon sale of the property, subject to lender approval.

Offered in cooperation with local governments, RenewPACE is simple and easy to use with superior customer support.

Eligible Projects

Water Efficiency

Reduce your home's water usage with efficient indoor plumbing, beautify your property with drought tolerant landscaping, and more.  

Renewable Energy

Generate your own electricity with a solar or wind system, heat your pool with a solar hot water heater, charge your electric vehicle, and more. 

Energy Efficiency

Upgrade to a new heating and cooling system, install new windows and doors, insulate your home, and more.

Safety and Resiliency

Prepare your home for severe weather with wind-resistant shingles, storm shutters, storm doors, and more.


  • You have no idea what this house felt like. During the winter, it was freezing. We had to huddle in one part of the house. It was just horrible before, and now, we are--it's like heaven.

    Linda Rich, San Mateo County
  • One really important benefit of the program was the increase in our property value, and, of course, the savings on a monthly basis on our energy bill. It really was one of those win-win situations.

    Glen Barnhill, San Mateo County
  • The benefits of this renovation have really impacted our life. We've always loved our home, but we really love it now.

    Linda Rich, San Mateo County
  • My husband is retired, and I'm working mainly as volunteer; we didn't want to tie up our cash flow, so CaliforniaFIRST was a very good choice.

    Kyoko Takayama, Alameda County
  • One of the best parts of this project for us was the financing through CaliforniaFIRST. It was very easy for us to do the paperwork, and we were quickly given an answer and told that we were qualified for it.

    Glen Barnhill, San Mateo County
  • We're retired, and as a result, we live on a fixed income. With CaliforniaFIRST financing, we were able to put it on our tax bill. In our case, we pay it twice a year, and that enabled us to pay for the cost of the improvements.

    Glen Barnhill, San Mateo County
  • My home is more comfortable now with all of those renovations being done. It's not too cold now in the winter, it's not too hot in the summer, it's just right.

    Anjurle Duchaussee , Solano County
  • After the renovation, our house is now at a very stable temperature. We don't even hear if the furnace comes on. We are using less gas, not producing too much carbon dioxide. It's just amazing.

    Kyoko Takayama, Alameda County
  • The thing I liked best about the CaliforniaFIRST program was that it was about as easy as it could be. Press the button on the computer, and by the time the call was over, they said, You're approved. That's the kind of people I like to do business with. 

    Larry Chaset, Alameda County
  • Our house was built in 1927, and before the renovation, temperature in the house fluctuated a lot. After the renovation, our house is now at a very stable temperature. We don't even hear if the furnace comes on. We are using less gas, not producing too much carbon dioxide. It's just amazing.

    Kyoko Takayama, Alameda County
  • Our home is more comfortable now because the plumbing system works better.

    Gretchen Dumas, Alameda County
  • I knew that I needed to get a new hot water heater, and I said, If I'm gonna get a new hot water heater, I'm gonna get an energy-efficient tankless water heater. It's outside the house, it's not taking up a big chunk of space in the back hall. Nice, attractive small unit, but most importantly, it's more energy efficient.

    Larry Chaset, Alameda County
  • We installed a central heating system. We also insulated underneath the house, and it's made a tremendous difference in the comfort and cost of heating the house.

    Glen Barnhill, San Mateo County
  • I like that the assessment was done on the home itself, the ease of the application process, the fact that it was able to be done online and electronically signed. I didn't have to have anything mailed or go in in person. I think that was very easy.

    Anjurle Duchaussee , Solano County




How much money can I borrow?

The minimum amount that can be financed is $5,000. The maximum financing is a percentage of the value of your property, but may not exceed $250,000. See the PACE Program Handbook for your region for the exact determination of project eligibility.

What are the interest rates?

As of May 2016, our interest rates are:

Years to RepayInterest Rates

Interest rates are subject to change. Please consult with your contractor to confirm the current interest rates.

How does repayment work?

As a property owner applying for PACE financing, you will agree to a levy of a ‘’contractual assessment’’ on your property. You will receive funds to pay the up-front costs of installing the approved improvements. The PACE assessment will appear as a new line item on your property tax bill.

Are there any penalties for prepayment of the PACE assessment?

There are no penalties for paying all or a portion of the PACE assessment early. Please see Question 18 below for additional information.

What happens when I sell my property?

As part of the property record, the assessment will be disclosed at the time of property sale, and the remaining unpaid balance of the financed amount may be transferred to the new property owner. For more information, see the info sheet “PACE Assessments and Transferability” from Renew Financial.

Do I need to complete an energy audit of my home?

In certain cases you may want to have a qualified auditor evaluate your home to determine the most cost-effective measures to reduce the home’s energy use, but it is not required. The costs of an energy audit can be financed with PACE financing.


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