Financing
Residential Energy Efficiency Loan (REEL) Program
The Residential Energy Efficiency Loan (REEL) Program helps California homeowners and renters access attractive financing for energy efficiency projects. REEL is a state-administered program available to California homeowners or renters who receive service from any of the investor-owned utilities, or a CCA such as Lancaster Energy. Financing is available for energy efficient projects including heating and cooling, windows, water heating, appliances, cool roofs, and more.
Benefits include:
- No lien on your property
- Competitive rates and affordable payments
- No money down, no closing costs, and no prepayment penalties
- Borrowers with a wide range of credit scores my qualify
- Use up to 30% of loan amount toward non-energy improvements
Check out the GoGreenFinancing website to get started.
Property Assessed Clean Energy (PACE) Programs
The City has partnered with multiple Property Assessed Clean Energy (PACE) providers to offer innovative financing solutions for homeowners looking to make energy-efficient and water-saving upgrades to their homes.
PACE programs give homeowners access to energy and water efficient products to make their homes more sustainable and comfortable. With these PACE programs, homeowners can finance energy-efficient, water-saving and renewable energy improvements to their property such as solar systems, heating and air conditioning upgrades, roofing, and more.
What is it?
PACE programs help homeowners make energy conscious renovations to their home or business by financing the renovations through their property taxes.
What type of renovations are eligible?
Eligible renovations include solar panels, energy efficiency, water conservation, seismic strengthening, and electric vehicle charging infrastructure.
How many programs are offered within the City of Lancaster?
The City of Lancaster has authorized 6 different pace programs to operate within the City’s jurisdiction. These programs include HERO, CaliforniaFIRST, Figtree Financing, YGrene Energy Fund, Energy Efficient Equity, and CSCDA Open PACE.
Who manages these programs?
Each of these programs are managed by the program themselves. The City of Lancaster does not administer any of these programs.
Why are there multiple programs?
Each program has its own benefits. Property owners are encouraged to research each program to see which one best fits their needs.
Find More Ways To Save!
HERO (Home Energy Renovation Opportunity) is the #1 energy efficiency financing program in the United States. HERO partners with local governments to make energy efficient, water efficient, and renewable energy products more affordable for homeowners.
CaliforniaFIRST is a Property Assessed Clean Energy program administered by Renew Financial, an Oakland-based clean energy finance company that specializes in affordable financing for renewable energy and energy efficiency projects.
Figtree Financing provides Property Assessed Clean Energy financing to help commercial property owners improve their properties and lower their utility bills with energy efficiency, renewable energy, and water conservation upgrades.
Ygrene Energy Fund is a leading provider of clean energy financing for residential and commercial properties throughout the United States.
Energy Efficient Equity has smart financing options for water and energy conscious property owners.
California Statewide Communities Development Authority (CSCDA) was created to provide California’s local governments with an effective tool for the timely financing of community-based public benefit projects.
