PACE Financing for energy and water upgrades

Did you receive a postcard like this?

If so, we want you to know that the City of Hayward did not authorize its production. The Hayward City Council has given a number of PACE programs, including CSCDA Open PACE, permission to operate within City limits to maximize the financing options available to those interested in making energy efficiency improvements to their property. This permission to operate is the extent of the City’s association with PACE programming and we are working to put a stop to the misleading marketing efforts that suggest a deeper level of City involvement.

As with any financing program or improvement project, it is recommended that property owners thoroughly research the entities with which they are interested in working. It is also recommended that property owners secure quotes from multiple contractors and PACE providers to compare prices and terms. This will help ensure they are able to make informed decisions that work for both their sustainability goals and their budget.

Are you looking to make energy, water, or seismic improvements on your home? Learn how you can finance your project using a PACE program.

The Hayward City Council has authorized the following PACE programs to serve property owners in Hayward. If you have questions for the City, please call 510.583.4700.

What is PACE?

► Property Assessed Clean Energy (PACE) financing allows property owners to finance energy efficiency, renewable energy, water conservation, and seismic upgrades with little or no up-front costs.

► You receive financing for upgrades through a PACE program, and then repay the money through an assessment on your property tax bill.

► Because the repayment period can be up to 25 years, the assessment on your property tax may be low enough that your utility savings exceed your payment (your savings will depend on the types of upgrades and terms of your agreement with the PACE provider).

► Unlike a conventional loan, the repayment obligation is tied to the property. This means that if you sell your property, the PACE obligation is transferred with the property to the new owner.

Hayward Residental Pace Providers

Hayward Commercial Pace Providers

Staff Reports to the City Council on PACE

October 17, 2017:  Consideration of CMFA Open PACE (Council report)

July 10, 2017: Consideration of CMFA Open PACE  (Sustainability Committee report)

November 3, 2015: Ygrene Property Assessed Clean Energy (PACE) - Authorization to operate under SB 555

July 7, 2015: Property Assessed Clean Energy (PACE) – Authorization of New Programs

June 18, 2015: Property Assessed Clean Energy (PACE) – Consideration of New Programs

October 28, 2014: Approval of Resolutions to Authorize the Figtree Property Assessed Clean Energy (PACE) Program to Serve Commercial Property Owners in Hayward

September 11, 2014: Update on Property Assessed Clean Energy (PACE)

January 29, 2014: Figtree PACE (Property Assessed Clean Energy) Program

January 5, 2010: CaliforniaFIRST Financing Program for Energy Efficiency and Renewable Energ