Renew Financial invests $421 million in California residential solar

Renew Financial has invested $421 million over the past decade to empower California homeowners to add solar PV systems to their properties. Through the Property Assessed Clean Energy (PACE) financing solution offered by Renew Financial, more than 12,000 California homeowners have been able to complete residential solar projects. Established in 2008, the California PACE programme allows eligible property owners to finance the cost of adding solar panels and other sustainable upgrades to their homes with flexible repayment terms. Renew Financial’s substantial investment has resulted in California homeowners generating over 2.3 billion kW of electricity with their PACE-financed solar systems, effectively reducing their carbon emissions and saving $30 million in utility costs.

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