PACE is a financing mechanism that allows property owners (both residential and commercial) to pay for energy efficiency, water conservation, and renewable energy generation improvements through a new line-item on their property tax bills. PACE financing makes energy and water efficiency projects more manageable because there are no upfront costs to property owners and they repay over time (up to 20 or 25 years), at lower rates. If a property owner were to relocate during the repayment period, the owner has the option to pay off the remaining balance upon sale of the property or pass on the remaining repayment obligations to the new owner.
The Martinez City Council has authorized the City to participate in the following PACE financing programs:
To find a HERO Registered Contractor in your area or to apply, call the HERO Hotline at 855-HERO-411 (855-437-6411) or visit their website here.
PACE Funding Group is an approved full service PACE provider. Visit the PACE Funding website here. You can also find out more about the program by contacting PACE Funding at 1-844-USE PACE (1-844-873-7223) or via email at firstname.lastname@example.org.
|Dividend is a leading national provider of renewable energy and energy-efficiency financing solutions for property owners through a suite of residential solar loan and PACE financing products. To learn more about their PACE Program you can contact Dividend at (844) 805–7100 or visit the website here.|
We encourage property owners and interested contractors to visit the program websites to learn more.