Description
These charges are for a Residential Property Assessed Clean Energy (PACE) program which enables homeowners to obtain long-term financing of privately owned improvements that increase energy efficiency or water conservation. PACE assessments are added to the homeowner's property tax bill allowing them to voluntarily pay the assessments along with their property taxes over the period of time for which the financing has been negotiated. PACE assessments create a lien on the property which remains until the amount financed has been paid in full.
Golden State Finance Authority (GSFA) is a joint powers authority that has partnered with YGrene Works to offer property owners throughout California special financing for residential, commercial, industrial and agricultural energy-saving projects.
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