April 9, 2014: Calif. Program to Finance Residential Energy Efficiency, Solar Projects
Program Will Provide Low-Cost Financing Repaid by Homeowners via their Property Tax Bill
OAKLAND, Calif. — With the decision to launch the nation’s largest Property Assessed Clean Energy (PACE) financing program, the CaliforniaFIRST residential PACE program is expected to make energy and water efficiency projects more affordable and accessible for California homeowners. Operating under the California Statewide Communities Development Authority (CSCDA), the program will launch this summer in 17 counties and 167 cities.
“We are thrilled to launch the PACE residential program to help homeowners keep more money in their pockets,” said Cisco DeVries, CEO of Renewable Funding. “We especially want to thank Governor Brown and State Treasurer Lockyer for their work to again make this public-private partnership possible. With California in a severe drought and facing higher energy costs, this is a win-win in the truest sense. Homeowners throughout the state will now have more options to lower their energy and water bills and generate clean energy.”