How California’s property assessed clean energy (PACE) model just got stronger

“PACE financing makes it possible for homeowners to upgrade to a more efficient system in these critical moments by allowing them to pay over time through their property taxes, instead of using credit cards to purchase the cheapest model available. More efficient systems are typically more cost-effective in the long run by bringing down utility bills. By spreading out improvement costs over up to 25 years, depending on the expected useful life of the product being installed, PACE allows homeowners to follow their hearts and their wallets when making important home improvement decisions.

The benefits PACE has brought to California communities are many. More than 150,000 California homes have invested in their homes using PACE. PACE-financed improvements are projected to save homeowners billions of dollars on their utility bills and reduce carbon emissions by more than 5 million tons over the expected lifetime of the products installed. That’s equivalent to taking more than 1 million cars off the road for a year.”

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