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Willows council hears PACE financing presentation; asks staff to explore local participation
Summary
Representatives from Home Run Financing described residential PACE financing to the Willows City Council on July 8; council members asked technical questions and directed staff to research how the city could opt into the statewide PACE program for homeowners.
Representatives of Home Run Financing presented the Property Assessed Clean Energy (PACE) residential financing program to the Willows City Council on July 8 and the council directed staff to research next steps to make the program available to local homeowners.
Gabe Holbert of Home Run Financing described PACE as a privately financed option that allows property owners to fund energy, water and resilience improvements and repay the cost through a special property tax assessment. Holbert said PACE was created in California to expand access to energy upgrades and noted protections adopted over time, including recorded terms-confirmation calls, a right to cancel, contractor vetting and training, and underwriting that considers…
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