PACE Program Administrators - DFPI
PACE Program Administrators
The Property Assessed Clean Energy (PACE) program governs administrators who finance energy efficiency, renewable energy, water conservation, and seismic improvements. Through licensing, regulation, and oversight of these lenders, DFPI supports a healthy and trusted financial marketplace.
PACE – Frequently Asked Questions
PACE (Property Assessed Clean Energy): What Homeowners Need to Know
PACE Program Administrator Licenses
The following four organizations are licensed as program administrators under the California Financing Law:
Renew Financial Group LLC
California Financing Law License
No. 60DBO-90653
555 12th Street, Suite 1650
Oakland, California 94607
DBAs and Programs: CaliforniaFirst
PACE Funding Group, LLC
California Financing Law License
No. 60DBO-91769
750 University Avenue, Suite 140
Los Gatos, California 95032
DBAs and Programs: PACEfunding, Home Run Financing
FortiFi Financial, Inc
(formerly Energy Efficient Equity, Inc.)
California Financing Law License
No. 60DBO-91941
11111 Santa Monica Boulevard, Suite 950
Los Angeles, California 90025
DBAs and Programs: E3; Energy Efficient Equity
Ygrene Energy Fund California LLC
California Financing Law License No.
No. 60DBO-91942
2100 South McDowell Boulevard
Petaluma, California 94954
DBAs and Programs: Ygrene; Ygrene Energy Fund; Ygrene Energy Fund California; YgreneWorks; Ygreneworks; Ygrene Fund California
Search for Enrolled PACE Solicitors or Enrolled PACE Solicitor Agents
Enrolled PACE Solicitors Search
A PACE solicitor is an organization authorized by a program administrator to solicit a property owner to enter into a PACE financing agreement for efficiency improvements on the owner’s property. Typically, a PACE solicitor is a contractor licensed by the
Contractors’ State License Board.
Enrolled PACE Solicitor Agents Search
A PACE solicitor agent is an individual employed or retained by, or acting on behalf of, a PACE solicitor to solicit a property owner to enter into a PACE financing agreement for efficiency improvements on the owner’s property. Typically, a PACE solicitor agent is a home improvement salesperson registered with the
Contractors’ State License Board.
Background
On October 4, 2017, Governor Brown signed
AB 1284 (Chapter 475, Statutes of 2017)
. The bill renames the California Finance Lenders Law the California Financing Law. This change became effective upon signing, and sets forth a licensing scheme for Property Assessed Clean Energy (PACE) program administrators. A “program administrator” is a person administering a PACE program on behalf of a public agency. (
Fin. Code, § 22018
.) A PACE program provides financing for the installation of energy-efficiency improvements on real property with funding repaid through property tax assessments, as authorized by specified laws. (
Fin. Code, § 22016
.)
Note:
Applications for a PACE Program Administrator License are available through the
Nationwide Multistate Licensing System and Registry (NMLS)
Since January 1, 2019, the Department of Financial Protection and Innovation licenses Property Assessed Clean Energy (PACE) program administrators and regulate the PACE industry.
News & Info Links
Newsroom
Press Releases
Monthly Bulletins
Important Notices
How to reach us:
Department of Financial Protection and Innovation
Financial Services / California Financing Law
320 W. 4th Street, Suite 750
Los Angeles, CA 90013
Phone:
(213) 576-7690
Fax:
(213) 576-7574
Email:
[email protected]
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Related Links
PACE Laws and Regulations
US