Company: Renovate America
Source: PR Newswire
As key California disclosure law takes effect and U.S. Department of Energy best practices become industry norm, leading residential PACE provider launches new contractor management system
Residential Property Assessed Clean Energy (PACE) financing – a California home-improvement innovation that has become one of the fastest-growing forms of financing in America – is starting 2017 with robust consumer protections as the industry norm, including some which go well beyond any other form of consumer financing and actually will raise the bar for how homeowners experience home improvement.
“Over the past year, we’ve seen tremendous leadership at the federal and state level, working with PACE providers to outline consumer safeguards and new, simple, and comprehensive disclosures,” said Ari Matusiak, EVP of Market Development and External Affairs at Renovate America, the nation’s leading residential PACE provider. “At Renovate America, we are putting the homeowner at the center of everything we do, and we will continue to work with consumer groups, local communities, industry colleagues, and state and federal regulators to improve PACE and consumers’ experience with home improvement overall.”
Residential PACE financing expands homeowners’ access to financing for energy efficiency, renewable energy and water efficiency improvements, which can increase the value, comfort, functionality, and sustainability of their homes. With PACE financing, property owners make energy- and water-saving and renewable energy improvements and pay for them over time via an additional line item on their property tax bills. PACE helps owners save money on their utility bills by improving access to clean-energy technologies, and PACE supports local economic growth in part by creating jobs that cannot be offshored or automated. Greenhouse gas emissions abatement also helps communities meet carbon-reduction goals.