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PACE, or Property Assessed Clean Energy, is an affordable, long-term financing option for energy, water, and renewable energy upgrades to buildings and homes that you can repay on your property taxes over a time period of up to 20 years. And, this special assessment on your property tax bill remains with the property in the event of a sale. Property owners receive 100% financing of improvement costs and projects can be cash-flow positive from day one. No up-front cash investment is required.
Property Assessed Clean Energy (PACE) is available to both residential and commercial properties. Residential properties are detached single-family homes (condos are eligible under special conditions). Commercial properties include:
Currently, there is two approved property Assessed Clean Energy (PACE) providers in Daly City; CaliforniaFIRST and HERO. Please check back with us for updates on new PACE offerings.
Yes, you are encouraged to combine Property Assessed Clean Energy (PACE) with cash rebates! PACE is a great financing option for homeowners and multifamily property owners (5 plus units) interested in cash rebates and free technical assistance for energy upgrades through the Bay Area Regional Energy Network (BayREN). Single-family homeowners can use PACE to finance a home energy upgrade through Energy Upgrade California’s Home Upgrade program. Multifamily property owners can use PACE to finance energy upgrades through the Bay Area Multifamily Building Enhancement Program.
Improvements eligible for rebates include:
Email Stephen Stolte, Sustainability Coordinator, or 650-991-8126 for more information.