PACE
Program
AB 811 = PACE Program- Property Assessed Clean
Energy
- This “loan” is added to your property
tax bill over 20 years.
- Fixed interest Cal. State 7% to 10% San Diego
City 7%.
- You don’t need good credit.
- The “loan” goes with the home.
- No new paperwork selling the property.
State Program called (California First)
Starts June 4, 2010
$1 Billion in funding from Royal Bank of Canada.
Commercial plus Residential up to $75K
Requirements:
- 20% equity in property
- HERS energy audit showing 10% improvement
$500
City of San Diego (PACE Program) Starts
June 2010
$20 million upfront with $40 more backing up North American Bank.
Residential only up to $50K
Requirements:
- Even on Equity
- HERS energy audit showing 10% improvement
$500
For more information visit www.pacenow.org
and www.energycenter.org
Jeremy Hutman
PACE Program Administrator
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