PACE AND TRADITIONAL FINANCING AVAILABLE
No Dues Until Nov. 2019
Approval Not Based on Credit Score
0% Interest for 6 or 12 Months
Residential & Commercial
“...We had a total replacement roofing job that required three layers of old shingles removed and a new roof put on. Very pleasant to deal with, good communication, great pricing, and job done quickly. So nice to not have to worry about leaks any more.
Debra S., Los Angeles, California
“They responded to me very quickly. I felt confident that the recommended repair to my roof was correct - another company that I got an estimate from said the same thing, but wanted to rope me into "roof maintenance" which was much, much more costly. They were able to come the next day and began the work early, finishing before noon. They were very courteous and knowledgeable.”
Rose L., Los Angeles, CA
“You'll never find a group of more hardworking, trustworthy, efficient, and punctual people anywhere. Great teamwork was exhibited throughout the company. Wonderful communication as well. Great value overall!.”
Charles M., Los Angeles,CA
WHAT IS PACE FINANCING?
Property Assessed Clean Energy (PACE) is a means of financing energy efficiency upgrades or renewable energy installations for residential, commercial and industrial property owners. Depending on state legislation, PACE can be used to finance building envelope energy efficiency improvements such as cool roofs, insulation, solar panels, energy efficient HVAC systems, windows and doors among others products.
In areas with PACE legislation in place, governments offer a specific bond to investors or in the case of the open-market model, private lenders provide financing to the building owners to put towards an energy efficient upgrade. The loans are repaid over the selected term (over the course of somewhere between 5 and 25 years) via an annual assessment on their property tax bill.
PACE bonds can be issued by municipal financing districts, state agencies or finance companies and the proceeds can be used to retrofit both commercial and residential properties. One of the most notable characteristics of PACE programs is that the loan is attached to the property rather than an individual. A PACE loan is therefore said to be nonrecourse to the borrower.
PACE programs help home and business owners pay for the upfront costs of green initiatives, such as solar panels, which the property owner then pays back by increasing property taxes by a set rate for an agreed-upon term ranging from 5–25 years. This allows property owners to begin saving on energy costs while they are paying for their solar panels. This usually means that property owners have net gains even with increased property tax.