PACE and AB811 Placer MPower

These programs are designed for homeowners and businesses to get financing for energy efficient improvements. The loans are given by the county or municipality to the owner of the property for improvements like solar energy or water conservation. The loan is considered a tax lien and paid off back to the county over 20 years the interest rate in Placer County is 7.25%. Not the best rate but comparable to what you can get on the open loan market now. The good things about this program is that no FICO/credit score is required, and you can leave the loan with the property. If you move the new homeowner assumes the loan and the increased value that comes from lower energy bills. That is all for now I will go into more detail later.