Provides California homeowners and small businesses with information on PACE financing risks and pitfalls
OAKLAND – California Attorney General Rob Bonta and the Federal Trade Commission today announced a settlement with Ygrene Energy Fund, Inc. (Ygrene), a clean energy financing company, resolving allegations of misconduct relating to its administration of the Property Assessed Clean Energy (PACE) program. PACE is a form of home-improvement financing offered by some California local governments in partnership with private investors that can provide loans to help property owners pay for home-improvement projects, such as the installation of solar panels. The loans are paid off through an increase in the property owner’s monthly property tax bills. A PACE loan can make it more difficult for a homeowner to sell or refinance their home. Ygrene is alleged to have…
Attorney General Bonta and FTC Announce Settlement with Clean Energy Financing Company for Misconduct Relating to PACE Program | State of California – Department of Justice
