PACE Financing for energy and water upgrades

Are you looking to make energy, water, or seismic improvements on your home? Learn how you can finance your project using a PACE program.

What is PACE?

► Property Assessed Clean Energy (PACE) financing allows property owners to finance energy efficiency, renewable energy, water conservation, and seismic upgrades with little or no up-front costs.

► You receive financing for upgrades through a PACE program, and then repay the money through an assessment on your property tax bill.

► Because the repayment period can be up to 25 years, the assessment on your property tax may be low enough that your utility savings exceed your payment (your savings will depend on the types of upgrades and terms of your agreement with the PACE provider).

► Unlike a conventional loan, the repayment obligation is tied to the property. This means that if you sell your property, the PACE obligation is transferred with the property to the new owner.

Hayward Residental Pace Providers

Hayward Commercial Pace Providers

Staff Reports to the City Council on PACE

July 17 2018: Adoption of a Resolution to Rescind Authorization of the CaliforniaFirst PACE Program to Operate in Hayward (Council Report)

May 14, 2018: Property Assessed Clean Energy (PACE) - Marketing by PACE Providers (Sustainability Committee)

October 17, 2017:  Consideration of CMFA Open PACE (Council report)

July 10, 2017: Consideration of CMFA Open PACE  (Sustainability Committee report)

November 3, 2015: Ygrene Property Assessed Clean Energy (PACE) - Authorization to operate under SB 555

July 7, 2015: Property Assessed Clean Energy (PACE) – Authorization of New Programs

June 18, 2015: Property Assessed Clean Energy (PACE) – Consideration of New Programs

October 28, 2014: Approval of Resolutions to Authorize the Figtree Property Assessed Clean Energy (PACE) Program to Serve Commercial Property Owners in Hayward

September 11, 2014: Update on Property Assessed Clean Energy (PACE)

January 29, 2014: Figtree PACE (Property Assessed Clean Energy) Program

January 5, 2010: CaliforniaFIRST Financing Program for Energy Efficiency and Renewable Energ