Renew Financial was founded in 2008 by Cisco DeVries, who brought together a multidisciplinary team of experts in finance, technology, operations, and government policy to innovate the Property Assessed Clean Energy (PACE) financing model.
This program specializes in affordable financing for renewable energy and energy efficiency projects, and are developing an array of financing products that will help move America toward a clean energy model.
CaliforniaFIRST provides financing with no money down for home energy efficiency, renewable energy, and water-saving upgrades. With PACE financing, your borrowing potential is based on your home equity, and it’s repaid on your property taxes over the course of 5-30 years at a fixed rate that never rises. You can borrow up to 15% of your property value, and the balance may transfer to the new owner upon sale of the property. The CaliforniaFIRST program solves many of the financial hurdles facing property owners wanting to install energy and water improvements.
Offered in partnership with local governments, CaliforniaFIRST is simple and easy to use with superior customer support.
Why choose CaliforniaFIRST?
- 100% financing with no out-of-pocket costs
- Fast in-home approvals
- Borrow up to 15% of property value
- Flexible repayment terms: 5, 10, 15, 20, 25 or 30 years
- Balance may transfer to new owner upon sale
- No prepayment penalty
- Financed amount won’t appear on credit report