PACE is an easy-to-use financing solution that allows you to make home improvements with no money down. Financing is paid back over time as part of your property taxes and qualification is not based on your credit score.* PACE features a speedy approval process, flexible payment terms, and access to trusted home improvement contractors that Renew Financial has carefully screened.
Underwriting requirements and restrictions apply. PACE financing is secured by a lien on the property and is often required to be repaid upon refinance or sale. Renew Financial is a private company and not a government entity. The installation or construction of improvements financed with PACE is provided through a home improvement contractor or other third-party provider, and not by Renew Financial or a government entity.
Underwriting requirements and restrictions apply. PACE financing is secured by a lien on the property and is often required to be repaid upon refinance or sale. Renew Financial is a private company and not a government entity. The installation or construction of improvements financed with PACE is provided through a home improvement contractor or other third-party provider, and not by Renew Financial or a government entity.
Services
Renew Financial was founded in 2008 by a multidisciplinary team of experts in finance, technology, operations, and government policy to innovate the Property Assessed Clean Energy (PACE) financing model. We specialize in affordable financing for renewable energy and energy efficiency projects, and we are developing an array of financing products that will help move America toward a clean energy model.
Now you can help homeowners who think they have run out of financing options. With PACE, your customers can stop worrying about credit scores and high-interest rates - and start improving the energy efficiency and safety of their homes. What could be better than happy customers and more lucrative deals?
With so much misinformation floating around, many homeowners wonder whether the Property Assessed Clean Energy (PACE) program is a legitimate option for home improvement financing or merely another scheme. Extreme weather like heat waves that can cause power plants to falter and storm surges that can.
Reviews (19)
Debora Alvarez
Oct 30, 2021
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Laurie L.
May 04, 2021
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I applied with Renew Financial for solar and was told my odds were good. We got denied due to a supplemental tax bill we were unaware of so we paid that and the rep at Renew Financial said we should be good now to reapply. So we did and got denied again. The same rep said it was due to an error and he had fixed it and that we should now be good to go and to apply again. So i did and got denied for a third time but was not given a reason.
Completely ridiculous and unprofessional of Renew Financial. Not to mention the hit all of the inquiries made on my credit score.
Completely ridiculous and unprofessional of Renew Financial. Not to mention the hit all of the inquiries made on my credit score.
Rebecca R.
Oct 28, 2020
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Misty D.
Sep 08, 2020
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Beware of California First and ReNew Finance when you secure a loan for your solar panels! Although they advertise "No Prepayment Penalty" they charge back end fees that are not legal. They charged interest on the amount I had just completely paid off in escrow. Their "policy" is that this interest is nonrefundable. My interest was nearly $1400.
Where's that "comprehensive consumer protection, underwriting and regulatory framework for PACE" promised by SB 242 and AB 1284?
Where's that "comprehensive consumer protection, underwriting and regulatory framework for PACE" promised by SB 242 and AB 1284?
Ma S.
Aug 21, 2020
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Worst company ever !!! Do not do business with them, please stay away !!! I have never heard about these type of loan until our mortgage bill increases significantly, with my due diligence in what I've gathered, a construction company processed a claim loan against our property. Apparently, they process everything electronically so the construction company was able to hack all the info needed to get in and complete the process with them as being us. With that being said, the construction company made a dummy construction company who only to process claim indicating they will be completing
Cedric Brewer
Oct 29, 2019
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Carol C.
Oct 23, 2019
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Joann M.
Jul 01, 2019
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Do not deal with this company at all. They are deceitful and lie. The explanation of their
financing practices are far from the truth. I had Canopy Array install solar panels at the cost of $18,680 which was fine. My problem came with the financial institution. I tried to sell my house 4 months after the solar was installed. But what the didn't explain was that they had put a first lien against the house. Now that makes it very difficult if not impossible to sell your house unless you payoff the $18,680 in its entirety, because the buyers mortgage company would be a second lien. Most all
financing practices are far from the truth. I had Canopy Array install solar panels at the cost of $18,680 which was fine. My problem came with the financial institution. I tried to sell my house 4 months after the solar was installed. But what the didn't explain was that they had put a first lien against the house. Now that makes it very difficult if not impossible to sell your house unless you payoff the $18,680 in its entirety, because the buyers mortgage company would be a second lien. Most all
Gary M.
Mar 19, 2019
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Robert L.
Mar 14, 2019
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Waste of time, They mess up all the paperwork, string you along, charge high fees then can't deliver as promised in their contract. You end up dealing with a minimum wage employee who could care less. AND THEY RUN YOUR CREDIT AND DAMAGE YOUR SCORE. Stay clear unless you are really in a jam and have water falling into your house.
Eric D.
Oct 22, 2018
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Shopper M.
Jul 31, 2018
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I believe and my experience has been that this company is not honest and has questionable practices. I thought I was getting California First loan for home improvement (AC and Heating) but was sent to this Renew Financial which after I applied called and told me I was approved for 98k. The company misled me into thinking I was approved, and that I only needed to verify income, which I did. A week later, I get a phone call stating that my income is half what it actually is, and what I provided to them (tax documents) to prove it. I assume they do this in order to charge more interest. I decided
Ryan B.
Jul 18, 2018
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At my contractors behest, I tried to finance a small window project through CaliforniaFirst. I was interested in the PACE program because of the tax benefits.
Instead of CaliforniaFirst, I got this company. Within minutes of submitting the loan application they sent me several emails, called my cell (at night), and started pushing to increase the loan amount. They also changed the interest rate after quoting me different terms over the phone. They keep asking for the same information over and over. Now they want to see my W-2 (the only reason i can decipher is so they can offer to lend even more
Instead of CaliforniaFirst, I got this company. Within minutes of submitting the loan application they sent me several emails, called my cell (at night), and started pushing to increase the loan amount. They also changed the interest rate after quoting me different terms over the phone. They keep asking for the same information over and over. Now they want to see my W-2 (the only reason i can decipher is so they can offer to lend even more
Natalie S.
Jun 05, 2018
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Had gross problems with our contractor, Canopy Energy, a company that sparkles on the web--but left us wondering how they could possibly get that "sparkle." A representative from Renew Financial got the right personnel to get involved. Even then, there was a wave, a strong tendency, to cultivate us into being complainers. The Renew Financial somehow established a better network of communication between its own executive branch and its own front line employees who seemed to be doing a deliberate job of screwing the work up--really and noticeably. As such, the work was completed only days before
Neema M.
Apr 14, 2018
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One of the biggest scams going on. If you are seriously considering them you better read the fine print...It seems very enticing of a manageable monthly payment, but pay close attention to all of the fees they tack on. For a standard contract, you will most likely end up paying double the contract cost over the lifetime of the contract. Be very cautious. A standard bank loan would serve people a lot better. Please read this article before considering whether or not to go with this criminal enterprise. This is predatory lending at its finest, and a class action lawsuit is on the way and will hopefully
Eb J.
Feb 13, 2018
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I WOULD GIVE THEM a 0.
Don't Do It. I have dealt with this company on a complain for the past 1 year and half, and I'm still waiting for them to give any results. They referred me to a company called Highcraft Home improvement, they did a terrible job $60000 worth of nothing everything that they did was done half way, I found out when the Solar didntwork and HAVC starting leaking. When I contact renew they told me they will have Highcraft to fix all the issues I was having. I was told by the CA contractors complaint department that the work they had done was a very poor job, and it was
Don't Do It. I have dealt with this company on a complain for the past 1 year and half, and I'm still waiting for them to give any results. They referred me to a company called Highcraft Home improvement, they did a terrible job $60000 worth of nothing everything that they did was done half way, I found out when the Solar didntwork and HAVC starting leaking. When I contact renew they told me they will have Highcraft to fix all the issues I was having. I was told by the CA contractors complaint department that the work they had done was a very poor job, and it was
Jose Barrera
Jan 29, 2018
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Eric C.
Nov 27, 2017
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In the process of getting refinance quotes on our property and just discovered that Renew Financial/CaliforniaFIRST will no longer subordinate as of October 2017. They will maintain their superior lien position on your home.
This means that if you get a PACE loan from Renew Financial/CaliforniaFIRST for home improvements, you probably will not be able to refinance your home unless you pay off the loan (either with your own money or using the equity in your house).
Now if you have a small loan, this may not be a problem, but for my +$26,000 solar system this pretty much kills my chances of refinancing
This means that if you get a PACE loan from Renew Financial/CaliforniaFIRST for home improvements, you probably will not be able to refinance your home unless you pay off the loan (either with your own money or using the equity in your house).
Now if you have a small loan, this may not be a problem, but for my +$26,000 solar system this pretty much kills my chances of refinancing
James Hengston
Nov 26, 2016
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