Property Assessed Clean Energy (PACE) Financing

Property owners may obtain financing for energy efficiency, water conservation and solar energy improvements that is repaid as assessments on their property tax bills through property assessed clean energy (PACE). The advantages of PACE financing include no money down and no requirement for credit ratings or credit applications.

Program Providers

Currently, five financing companies are authorized to provide PACE financing on properties in Anaheim. Each of the following companies can finance residential, commercial or both types of properties.

PACE programs are strictly voluntary and not sponsored or paid for by the City of Anaheim, Public Utilities. There is no affiliation between the City of Anaheim and the PACE providers listed below. 

Anaheim Customers are advised to carefully evaluate any proposed provider and review all contractual assessment terms and conditions before participating in any PACE program. This is important since PACE loans are secured by a lien on your property and will likely increase your property tax bill. The City of Anaheim highly recommends that you consult a tax professional before entering into any PACE agreement since delinquent payments may result in foreclosure proceedings.  

State law gives you a three-day right to cancel your PACE assessment agreement. For details, please click on the following: [California Assembly Bill 2693].

The Property Assessed Clean Energy program has been widely promoted in California as an innovative and alternative form of financing for improvements for the benefit of the public and California’s environment.

The promotion of the Property Assessed Clean Energy financing is now a popular and widespread form of alternative financing for consumers seeking solar energy, water conservation, energy efficiency, and earthquake retrofitting improvements to the benefit of all Californians.

The consumer obligation to repay voluntary contractual assessments created by the Property Assessed Clean Energy program is sometimes misunderstood and may affect the consumer’s ability to refinance their loan or sell their property.

Making residential real estate secured loans to consumers through Property Assessed Clean Energy financing for home improvements has grown rapidly, raising questions as to whether the Property Assessed Clean Energy program is adequately supported by government regulation.

In order to provide protection for customers, the California State legislature passed Assembly Bill 2693 (PACE Preservation and Consumer Protections Act) on September 25, 2016. The passage of this act promotes standardized disclosures and protections for consumers to ensure that customers understand their rights under the Property Assessed Clean Energy program.

Residential Consumer Protection Policies by program:

Commercial Program