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
  • 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 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • Our home is more comfortable now because the plumbing system works better.

    Gretchen Dumas, Alameda 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
  • 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
  • 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




Is there an application fee?

No, there is no fee to apply for Renew Financial PACE programs.

Why do you need my Social Security Number on the application?

As part of the application, Renew Financial requests a credit bureau report for each homeowner. FICO score is NOT used as part of the application, but other elements of the credit report such as mortgage payment history are necessary to determine eligibility for financing.

Can I use any contractor?

In order to participate, contractors must be registered with Renew Financial. As long as contractors meet program requirements, they can register by visiting All participating contractors must have a valid and active contractor’s license.

How are tax credits, rebates and other incentives incorporated into PACE financing?

We encourage you to pursue available Federal Investment Tax Credits (ITCs), utility rebates and any other incentives. All or a portion of total incentives may be subtracted from the amount financed under the program; however, it is not required that the financed amount be reduced by the estimated value of the incentives. Once you receive your rebates and tax credits, those funds may be used to pay down the PACE assessment balance; resulting in lower annual PACE assessment payments.

Is the PACE assessment payment tax deductible?

According to the IRS, "the interest portion of your payment may be deductible as home mortgage interest." Actual tax savings will depend on the marginal rate of your federal and state income taxes, annual income, and other factors. Consult with your tax advisor to determine if, and to what extent, you may deduct amounts paid under the Assessment Contract.

Who do I contact with additional questions?

Renew Financial staff are available 8 a.m. to 9 p.m. Monday to Friday, 9 a.m. to 6 p.m. Saturday, and 10 a.m. to 6 p.m. Sunday to answer additional questions. We can also be reached via email at or by phone at 844-736-3934.


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