Long Beach City Council voted unanimously to bring PACE financing to Long Beach homeowners
LONG BEACH, Calif., June 13, 2019 /PRNewswire/ -- Just in time for the summer season of home improvements and upgrades, Long Beach homeowners can now turn to Renew Financial to help them afford upgrades that make their homes safer, more efficient and more valuable.
"Long Beach families deserve access to proven financial tools that create pathways to improving their homes. Property owners who previously felt modern home upgrades were out of reach can now install products that help them save on their utility bills and feel safe in their homes," said District 2 Councilmember Jeannine Pearce.
Long Beach is in the process of developing its first ever 'Climate Action and Adaptation Plan' to reduce greenhouse gas emissions, prepare the community for the impacts of climate change and enhance economic vitality. PACE can play a critical role in achieving these goals by accelerating the modernization of Long Beach homes.
Councilmember Pearce continued, "Ultimately, we believe that the energy and safety-related projects that can be financed with PACE will help strengthen the entire Long Beach community."
Renew Financial can help Long Beach property owners finance a wide array of products such as solar, battery backup systems, seismic retrofits, fire hardening upgrades, high-efficiency HVAC systems, new roofs and more.
About Renew Financial
Renew Financial Group LLC ("Renew Financial") is one of the nation's leading home improvement financing companies. Renew Financial administers and provides multiple financing products across the country, with programs available in several states, including Property Assessed Clean Energy (PACE) programs operating in California and Florida. PACE is a financing tool enabled by state and local governments that provide homeowners and business owners with access to private capital to finance the entire cost of energy efficiency, water conservation, renewable energy, seismic, and wind mitigation upgrades, and then pay for those upgrades on their property tax bill. PACE was named by Scientific American as one of the "top 20 ideas that can change the world." PACE is a job-creating policy tool that enjoys broad support, having been championed in state legislatures and local communities nationwide by business leaders, advocacy organizations and elected officials from both sides of the aisle.
Renew Financial® is a registered trademark of Renew Financial Holdings Inc.
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