Renew Financial offers simple financing for home improvement projects. With Renew's PACE financing, you can make your home more comfortable, safe, healthy, and energy efficient with no upfront cost and then repay as a line item on your property tax bill. For more than a decade, homeowners have trusted Renew Financial to help them afford to make critical home improvements with ease. View the RenewPACE Eligibility Requirements to see if this is the right option for you.
PACE financing is unique in a number of ways. Unlike other types of financing that may have unpredictable rate changes (like credit cards), Renew Financial offers a fixed interest rate that will never change. And Renew Financial offers repayment options that give you anywhere from 5 to 25 years to repay.
Payment on Your Property Taxes
As you probably know, PACE financing involves a tax assessment on your property. This means that your payment will show up as a new line item on your annual property taxes along with other special assessments and that you'll see an overall increase in the total amount due as a result of your PACE assessment. This also means you'll have one less payment to manage than with a conventional home improvement loan.
Understanding Utility Savings
PACE-financed improvements may lead to significant utility savings that can help offset the payments, and some homeowners may also receive tax benefits. Consult your tax advisor for information on your personal tax situation. Depending on your circumstances, you may experience one or both of these savings.** Keep in mind, though, that your property tax bill will show the fixed payment amount provided in your financing contract, not the net costs after potential savings.
Capitalized Interest
You are paying nothing upfront, and Renew Financial capitalizes the interest that accrues on your financing before the first payment is due. Rather than bill you all at once with your first payment, this capitalized interest gets added to your total financed amount over the length of the assessment so you pay a little bit each time.
You are paying nothing upfront, and Renew Financial capitalizes the interest that accrues on your financing before the first payment is due. Rather than bill you all at once with your first payment, this capitalized interest gets added to your total financed amount over the length of the assessment so you pay a little bit each time.
For additional information, please call 844-736-3934 or visit renewfinancial.com
*Payment terms are 5, 10, 15, 20, or 25 years.
**Not all consumer experiences are the same. Utility savings and tax benefits may vary.
A-Christian Glass is an independent company and is not owned or controlled, in whole or part, by Renew Financial Group LLC. A-Christian Glass does not provide financing and is neither a lender nor a broker. Renew's PACE financing is provided by energy finance leader Renew Financial Group LLC in cooperation with local governments sponsors, and financing approvals are subject to underwriting and documentation requirements.
