Rocklin and Mountain House Homeowners Gain Access to PACE Financing for Home Upgrades

Homeowners in Rocklin and Mountain House Can Benefit from PACE Financing

In a significant development for homeowners in California, the City Councils of Rocklin and Mountain House have recently approved the use of Property Assessed Clean Energy (PACE) financing through Home Run Financing (HRF). This innovative financial program allows residents to fund essential home upgrades focusing on energy efficiency, renewable energy, and earthquake resilience without imposing any costs on the cities themselves. With these approvals, local residents gain access to funding options that can significantly benefit their homes and the environment.

PACE Financing: Enhancing Home Energy Efficiency

The PACE financing model offers homeowners a chance to invest in various eco-friendly improvements, including heating, ventilation, air conditioning (HVAC) systems, roofing, electric vehicle (EV) charging stations, and water-saving projects. This initiative is particularly important as California faces ongoing challenges related to drought and extreme heat, compelling homeowners to seek cost-effective means of upgrading their properties to become more energy-efficient.

The Rocklin Mayor, Jill Gayaldo, expressed her enthusiasm regarding the newly available financing option. She indicated that this program provides residents with an additional way to make their homes more energy-efficient while ensuring that the city incurs no costs in the process. Meanwhile, Mountain House, which officially became a city in 2024, had previously lost access to PACE financing until this new program was reinstated. Mayor Andy Su highlighted the importance of this program in restoring valuable resources for homeowners and emphasized its impact on energy savings, utility cost reductions, and enhancing the overall safety of residences in their community.

Background and Significance of PACE Financing

The PACE program initially gained traction in Placer County back in 2020, and the county's Board of Supervisors supported its extension into unincorporated areas in 2023. This ongoing support reflects the growing recognition of PACE's advantages for homeowners. Currently, PACE financing options are not just limited to Rocklin and Mountain House but are also available in other surrounding areas like Roseville, Auburn, Lathrop, Lodi, Manteca, Stockton, and Tracy.

Home Run Financing’s CEO, Robert Giles, stated that the expansion of PACE financing is crucial for residents aiming to make their homes resilient against California's climatic challenges. He noted that these funding options could assist homeowners in updating their properties with solar panels, energy-efficient HVAC systems, and other renewable energy installations to reduce their utility expenditures.

Consumer Protections and Regulations

One of the standout features of PACE financing is its stringent consumer protection measures. Homeowners can benefit from thorough identity verifications to ensure full understanding of financing terms. All financial agreements are reinforced through recorded confirmation calls and inspections of completed projects. Such rigorous checks provide homeowners with peace of mind and secure their investments in home improvements. Additionally, there are specific protections for low-income and elderly homeowners, ensuring accessibility for all segments of the community.

Over the past nine years, Home Run Financing has funded over $600 million in PACE financing throughout California, impacting more than 19,500 home improvement projects statewide. These projects have led to a significant reduction in greenhouse gas emissions, which is comparable to removing nearly 53,800 vehicles from the road for an entire year. The community also saw substantial water conservation measures that matched the capacity of filling 12,000 backyard swimming pools.

Conclusion

The introduction of PACE financing in Rocklin and Mountain House represents a crucial step toward promoting sustainability and enhancing the resilience of homes against climate challenges. As homeowners explore these funding options, they can not only improve their living environments but also contribute to the broader goal of environmental stewardship. As we move forward, the benefits of using PACE financing could set a significant precedent for other cities across California, inspiring them to adopt similar programs for the enhancement of community resilience and sustainability.

For further information about PACE financing options and to see how you can benefit, visit www.homerunfinancing.com.