PACE Takes Off in the Bay Area for Residential Customers

Bay Area: Energy efficiency financing now available through state-sponsored program

When Jeff Silver decided to redo the heating and hot water systems in his Emeryville home, the $32,000 price tag seemed way out of reach.

But through CaliforniaFIRST, a new state-sponsored program for energy efficiency financing that went live Tuesday in 17 counties, Silver was able to buy and install the equipment he needed with no money down and tack the payments on to his yearly property taxes with payments spread out over 15 years.

In the Bay Area, the program is now available in Alameda, Marin, San Mateo, Santa Clara and Santa Cruz counties. Contra Costa County should join by the end of the year.

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