Property Assessed Clean Energy (PACE)
Daly City is pleased to announce an exciting financing option for homeowners and commercial property owners throughout the City to make building improvements that save energy or water, such as new windows, insulation, solar panels, energy-efficient HVAC equipment, drip irrigation systems, and much more. These types of improvements can help save money on utility bills and accomplish other environmental goals, like reducing our greenhouse gas emissions and our water consumption.
What is PACE?
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 up to 20 years. And, this special assessment on your property tax bill remains with the property in the event of 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.
What types of properties are eligible?
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 apartment buildings, commercial offices, industrial facilities, retail/restaurants, hotels, faith-based buildings, and nonprofits.
How do I get started?
Currently, there are two approved PACE providers in Daly City: CaliforniaFIRST and HERO. Please check back with us for updates on new PACE offerings.
For residential homeowners:
Visit the CaliforniaFIRST website at https://californiafirst.org or call (888) 839-1857.
Visit the HERO website at https://www.heroprogram.com/dalycity or call (855) HERO-411.
For commercial property owners/managers:
Visit the CaliforniaFIRST Commercial Program website at https://californiafirst.org/commercial-overview/ or call (888) 839-1857.
Visit the HERO Commercial Program website at https://www.herocommercial.com/ or call 1-800-645-0687.
Can I combine PACE with rebate programs for energy upgrades?
Yes, you are encouraged to combine PACE with cash rebates! PACE is a great financing option for homeowners and multifamily property owners (5+ 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 air sealing, duct sealing, insulation, high-efficiency furnaces, air conditioners, water heaters, energy-efficient windows, and more! Contact Stephen Stolte, Sustainability Coordinator, at firstname.lastname@example.org or (650) 991-8126 for more information.