Back to Find Financing Print Preview >

Finance Vendor Details

CaliforniaFIRST
Lender: Renew Financial
Contact Information
Website: www.californiafirst.org
Phone: (888) 996-1744
Email: info@californiafirst.org
Property Types
Program Description
CaliforniaFIRST offers Los Angeles County homeowners funding for energy efficiency, renewable energy and water efficiency improvements that are permanently fixed to the property. Financing is repaid annually via the property tax bill over the course of up to 25 years. In Los Angeles County, CaliforniaFIRST is a public/private financing program administered by Los Angeles County and implemented by Renew Financial.
CaliforniaFIRST offers homeowners in participating communities funding for energy efficiency, renewable energy and water efficiency improvements that are permanently fixed to the property. Financing is repaid annually via the property tax bill over the course of up to 25 years. CaliforniaFIRST is a public/private financing program with CA Statewide Communities Development Authority, Renew Financial and your city or county.
Verified by Lender on: 7/12/2017
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Types of Financing
PACE
Financing & Payment Information
Term (years):
5
Minimum Amount:
$5,000
Maximum Amount:
15% of property value
Fees:
Yes
Money Down Required:
No
Repayment Method:
Property Taxes (PACE)
Payment Frequency:
Annual
Pre-Payment Penalty:
No
Allowable Projects
Funds Energy Efficiency projects
Funds Water Efficiency projects
Funds Renewable Energy projects
Funds Demand Response projects
Funds other energy projects
Funds other energy-related projects
Other Program Requirements
Contractors
Must be program-approved
Financing Approval Time
Immediate- Preliminary
Equity in Property Needed
No

Financial Products

Lien type Property AssessmentProperty Assessment
Re-Payment Method Property Taxes (PACE)Property Taxes (PACE)
Property Types
Automatic payment option available N.A.N.A.
Requires utility incentive program participation NoNo
Must use Program's pre-approved contractors YesYes
One-time fees (% of total financing) 6.48
One-time fees (fixed) 90
Ongoing fees No
Financing Amount $5,000$5,000
Financing Term (yrs.) 5 year(s)5 year(s)
Rate 6.75 - 6.75%6.75 - 6.75%
Money Down Required? NoNo
Credit Enhancement Available NoNo
Transferrable YesYes
Prepayment Penalty or Fee NoNo
Tax Deductibility YesYes
Minimum Credit Score Required No
Equity in Property Required YesYes
Debt to Income Ratio Required NoNo
Involuntary Property Liens Allowed NoYes
Foreclosures Allowed Yes: Yes (occurred more than 2 years ago)
Bankruptcies Allowed Yes: Yes (occurred more than 2 years ago)
Mortgage Lender Consent/ Acknowledgement NoNo
Must be current on property taxes YesYes
Must be current on mortgage YesYes
Loan to value Yes: 0.9%
Debt Service Coverage Ratio NoNo
Financing Approval Time Immediate- PreliminaryImmediate- Preliminary
Projected Energy Savings/Cash Flow is considered NoNo
Must be current on utility bill NoNo

Upgrades Covered

No Results

FAQ's

Through our Contractor Marketplace, you can search for contractors and find the right fit for your project. You find out details about the contractor such as what types of certifications they have and where they are located. You can also directly find reviews when available. From there it is easy to connect and get started with your projects. A quality installation of equipment increases the benefits and efficiency of your new equipment.