Property Assessed Clean Energy, or PACE financing, is an innovative way to pay for upgrades to your home. With PACE financing, you pay for critical home upgrades over time, as part of your property taxes. Qualification for PACE is based on the equity in your home, not your credit score. With same-day approvals, flexible repayment terms, and access to trusted home improvement contractors, PACE financing is a great way to pay for important home renovations. Click the logos for a link to the California PACE information page at our two PACE partners Home Run Financing and Renew Financial.
We can work with you on site at your home to apply for traditional financing for your project through one of our other lending partners. We will check for you with Greensky, Loanpal, Enerbank, Mosaic, Optimus and find the best loan for you.
A home equity line of credit — also known as a HELOC — is a revolving line of credit, much like a credit card. You can borrow as much as you need, any time you need it, by writing a check or using a credit card connected to the account. You may not exceed your credit limit. Because a HELOC is a line of credit, you make payments only on the amount you actually borrow, not the full amount available. HELOCs also may give you certain tax advantages unavailable with some kinds of loans. Talk to an accountant or tax adviser for details. (Taken from The Federal Trade Commission’s Website)
Homeowners can pre-qualify for easy and affordable SMUD financing on energy efficient equipment upgrades that can save thousands of dollars over the life of the loan. You won’t find any mysterious interest charges, origination costs or pre-payment fees that are common with many home improvement loans.