About Renew FINANCIAL
RenewPACE is an easy-to-use financing solution that lets you make home improvements with no money down or upfront fees. Financing is paid back over time as part of your property taxes.
RenewPACE is a Property Assessed Clean Energy (PACE) program created by national energy finance leader Renew Financial in cooperation with state and local governments to encourage energy efficiency while creating jobs.
Understanding PACE Financing
Congratulations, you’re well on your way to finalizing your PACE financing with Renew Financial and having a more comfortable and energy efficient home. PACE financing is unique in a number of ways. Unlike other types of financing that may have unpredictable rate changes (like credit cards), we offer a fixed interest rate that will never change. And we offer repayment options that give you anywhere from 5 to 30* years to repay.
Payment on Your Property Taxes
As you probably know, PACE financing involves a tax assessment on your property. This means that your payment will show up as a new line item on your annual property taxes along with other special assessments and that you’ll see an overall increase in the total amount due as a result of your PACE assessment. This also means you’ll have one less payment to manage than with a conventional home improvement loan.
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