CaliforniaFIRST is a public/private financing program that allows you to receive upfront funding for energy efficiency, renewable energy and water saving improvements for your home or business. You simply use the funding to complete your projects, and repay it on your property taxes over the course of up to 25 years.
CaliforniaFIRST is a Property Assessed Clean Energy (PACE) program administered by Renew Financial, an Oakland-based clean energy finance company that specializes in affordable financing for renewable energy and energy efficiency projects. This innovative form of financing was created by state and local governments to encourage energy and water efficiency while also creating jobs.
Lower utility bills, increased comfort and value.
When you replace a heating or air conditioning system, replace your windows, update your insulation or make other efficiency upgrades to your property, you’ll experience a more comfortable home or business while lowering your utility bills and increasing property values. Not to mention you’ll be doing something that’s good for your community and the environment.
No banks. Not based on FICO score. No money down.
Our program solves many of the financial hurdles facing property owners wanting to install energy and water improvements. Unlike typical home improvement loans, CaliforniaFIRST financing is an assessment on your property, not a loan that is based on your credit rating, so you don’t need to put any money down. Because it’s a government-backed PACE program, CaliforniaFIRST is able to offer affordable long-term financing you can repay on your property taxes.