CaliforniaFIRST Launches Clean Energy Financing Program for Property Owners in Sacramento
The country’s 27th largest metropolitan area, Sacramento, is the latest to approve and adopt Renew Financial’s CaliforniaFIRST program, bringing cost-saving financial options to Sacramento property owners for environmentally friendly upgrades. The vote by the Sacramento City Council took place on January 12, 2016 and offers residential and commercial property owners the chance to take advantage of important financing options for renewable energy and energy efficiency upgrades, as well as water efficiency measures, and electric vehicle (EV) charging infrastructure. PACE (Property Assessed Clean Energy) financing, which has been adopted by more than 200 cities and counties across the state, makes energy and water efficiency projects more accessible for California homeowners by providing project financing that is then paid back as a line item on their annual property tax bill. Now property owners in the greater Sacramento area can immediately take advantage of it.
CaliforniaFIRST’s PACE financing program allows homeowners to choose a participating contractor in their area and install a variety of custom-tailored clean energy, water efficiency and EV charging projects.
“We are committed to providing California homeowners with a simple way to finance upgrades that improve properties while saving energy, water and money,” said Cisco DeVries, CEO of Renew Financial. “Homeowners in our state’s capital now have an important choice when it comes to lowering their bills and reducing their energy and water usage. By selecting PACE, they are joining over 80% of their fellow Californians in the effort to reduce greenhouse gas emissions and save water at the same time. We are thrilled to expand into Sacramento and provide a new region with options to save money and improve the value of their homes.”