Property Assessed Clean Energy (PACE) financing continues to gain momentum across California as more cities and counties adopt the program to help homeowners invest in energy-efficient, climate-resilient, and water-saving home improvements. At the center of this growth is Home Run Financing , the state’s leading PACE provider, which announced it now operates in more than 360 California jurisdictions.
The expansion includes several new communities across the state, with recent additions such as Lawndale, Hawthorne, and Calabasas in Los Angeles County; Mountain House in San Joaquin County; Willows in Glenn County; Lincoln, Rocklin, and most recently Loomis in Placer County. The growing footprint reflects increasing demand from local governments seeking practical tools to support homeowners amid rising energy costs, water scarcity, and climate risks.
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Developed more than 15 years ago, the PACE financing model has become a key part of California’s clean-energy and climate-resilience strategy. The program allows homeowners to finance essential upgrades such as roofing, energy-efficient windows and doors, HVAC systems, insulation, EV charging stations, and solar installations. In California, PACE has been further adapted to support earthquake safety improvements and water-efficiency projects, helping communities better prepare for the state’s evolving environmental challenges.
Local leaders have welcomed the program as a valuable addition to their communities. When the Town of Loomis approved PACE in December, Town Councilmember Amanda Cortez said she was excited to offer residents new opportunities to invest in energy efficiency and sustainability, noting that homeowners would appreciate having access to flexible financing options.
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PACE financing in California operates through the California Statewide Communities Development Agency (CSCDA), a public-benefit joint-powers authority that allows cities and counties to voluntarily opt into the Open PACE Program. This structure ensures that participation remains locally controlled while benefiting from statewide coordination.
Once the subject of public debate, PACE in California has operated under strict regulatory oversight by the California Department of Financial Protection and Innovation (DFPI) for the past six years. Today, the program is widely recognized for offering some of the strongest consumer protections in the home-improvement financing industry.
Since launching in California a decade ago under its former name, PACE Funding Group, Home Run Financing has provided more than $641 million in financing for nearly 20,700 home-improvement projects statewide. These investments have delivered meaningful environmental benefits, including hundreds of thousands of metric tons in greenhouse gas reductions and hundreds of millions of gallons of water saved.
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Beyond environmental impact, HRF-supported PACE projects have helped create more than 5,000 well-paying jobs across California, supporting a statewide network of more than 2,000 contractors who rely on the program to help homeowners complete critical upgrades.
Bob Giles, CEO of Home Run Financing, said the renewed interest from cities and counties highlights how essential PACE has become. He noted that the program continues to empower homeowners, strengthen communities, and accelerate California’s transition to a cleaner and safer future. As climate pressures increase and infrastructure needs grow, PACE remains one of the most flexible and effective financing tools available to both homeowners and local governments.
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