Property Assessed Clean Energy (PACE) programs offer property owners financing options for energy efficiency, water conservation, and seismic strengthening improvements.
Funding for up to 20% of the construction costs
Financing is tied to the property
New construction is eligible for up to 30-year financing terms
Refinancing look back option
PACE can be used to refinance previously installed eligible products, going back 3 years
On average, lower interest rate than other mezzanine financing
No upfront costs
Frees up equity
Renewable Energy Systems
Water conservation/efficiency
Energy efficiency
HVAC, windows, roof, lighting, automated controls
Seismic strengthening
Fire hardening
Approved custom eligible products
Energy management systems, battery storage, electric vehicle charging
Property cannot be in default
Property must be current on property taxes
Total financed amount must not exceed 20-35% of the property market value *Limitations are dependent upon the provider
Annual property tax and assessments cannot exceed 5% of the property's market value
For more information, you may reach out by email to pace@wrcog.us or by phone to (951) 405-6731.