Los Angeles County has ended its controversial PACE home improvement loan program, after determining the program lacked adequate consumer protections. The PACE program—Property Assessed Clean Energy—provided loans to homeowners who purchased energy efficient upgrades. Homeowners repeatedly alleged the private home improvement contractors who signed them up for PACE misrepresented how the financing would work, saddling them with […]
Change of PACE for 2018
Gov. Jerry Brown signed into law two measures that took effect on Monday, Jan. 1, 2018 and fundamentally reshape and improve PACE financing in its biggest market. Renovate America strongly supported the new laws, which create a landmark consumer-protection and regulatory framework for PACE by enhancing disclosures, strengthening contractor oversight, and conditioning PACE on a […]