Property Assessed Clean Energy (PACE) Loss Reserve Program
Designed to mitigate the potential risk to mortgage lenders associated with residential PACE financing.
If you have any questions about the PACE Loss Reserve program, please contact Ashley Bonnett at (916) 651‑5100.
The PACE Program administered by the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) works with partners and lenders to make affordable financing available for home, commercial and small business improvements that will reduce energy use or promote water conservation. These costs may be financed via property tax bills or utility charges. Property owners in a PACE-designated area can use PACE money to retrofit their homes without putting any money down. The PACE program’s goal is to provide more business for local energy efficiency contractors who will employ more technicians, while California communities benefit from lower energy costs and less pollution.