PACE programs are government-backed financing programs that provide upfront funding for home energy efficiency projects, including windows and doors, and fiber cement siding with insulation. As efficiency projects, energy savings offset financing costs. At Charles, we have qualified and work closely with CaliforniaFIRST, the PACE program from national energy finance leader Renew Financial. Features include:
At current rates and including fees, a simple rule-of-thumb is that the monthly-equivalent payment is about 1% of project cost, before tax-deductibility, and, subject to your tax bracket, perhaps 70% of that amount in final monthly-equivalent. For example, a project costing $30,000 could be about $210 per month (equivalent)!
Charles Window & Door Company does not make loans or assessments and is neither a lender nor a broker. Financing is provided by energy finance leader RenewFinancial, in cooperation with local governments, and financing approvals are subject to standard credit acceptance and documentation requirements.