Innovative Form of Financing Now Available in Rocklin, Mountain House After City Council Votes
LOS GATOS, Calif., May 29, 2025 /PRNewswire/ — The Rocklin (Placer County) and Mountain House (San Joaquin County) City Councils both voted this month to allow their homeowners to access Property Assessed Clean Energy (PACE) home improvement financing through industry leader Home Run Financing (HRF).
The Placer County Board of Supervisors approved the program in 2020 and voted in 2023 to extend the program for another five years in unincorporated areas of the county, showing confidence in PACE and an appreciation for its benefits for Placer County homeowners. The county’s largest city, Roseville, and the county seat, Auburn, have also approved PACE financing for their residents.
“I am really pleased to offer this option for the residents of Rocklin to allow them an additional choice for ways to make their homes more energy efficient with no cost to the city,” said Rocklin Mayor Jill Gayaldo.
Mountain House is California’s newest city, incorporated in 2024. PACE financing is already available in San Joaquin County in the cities of Lathrop, Lodi, Manteca, Stockton, and Tracy, as well as in unincorporated areas of the county.
Mountain House Mayor Andy Su said, “Before incorporation, our residents had access to PACE through San Joaquin County. That access was lost—until now. By joining CSCDA’s Open PACE program, we’re restoring a valuable resource for homeowners in Mountain House. This means more ways to save energy, cut utility bills, and make homes safer and more efficient—with no cost or risk to the city. It’s another example of how we’re working every day to deliver real value and meaningful choices for our residents.” PACE financing can be used to fund renewable energy, and energy and water efficiency upgrades, as well as earthquake resiliency. Rocklin and Mountain House join more than 340 other cities and towns in California in making PACE Funding available to homeowners.
“People throughout California, including Rocklin and Mountain House, need funding options to make their homes more energy efficient to cope with more frequent and more intense drought and excessive heat,” said Home Run Financing CEO, Robert Giles. “PACE can help residents fund needed home upgrades and can help build the community’s resiliency in the face of these challenges. The program can also help more homeowners lower their utility bills by adding solar panels, energy efficient HVAC, and other efficient and renewable energy systems.”
PACE Financing is available only through registered and trained contractors. State legislation and regulation by the state Department of Financing Protection and Innovation (DFPI) provides robust consumer protections for homeowners.
Drought remains a perennial problem in California and more and more homeowners are looking for additional ways to fund home upgrades to save water. California homeowners are also looking for ways to reduce utility bills in the face of rising energy costs, both by installing renewable energy systems like solar panels, and by installing more efficient (less leaky) windows and doors and roofs. PACE Financing is specifically designed to be used for such water and energy saving projects.
The PACE financing model provides the strongest consumer protections of any home improvement financing product, with ability to pay tests, homeowner identity verification measures; recorded confirmation of terms calls conducted in English or Spanish to ensure the homeowner understands the financing; a further recorded call in English or Spanish to verify the project is complete before the contractor gets paid; third-party inspection of completed projects; rigorous contractor oversight and training; and additional protections for the elderly and low-income homeowners, among several other stringent consumer protection measures.
In the nine years Home Run Financing (previously PACE Funding Group) has been operating in California, the company has provided more than $600 million in PACE financing for more than 19,500 home improvement projects across the state. These projects have set in place greenhouse gas reductions, over the lifetime of the upgrades, of 230,500 metric tons, equivalent to taking almost 53,800 cars off the road for a year or powering 31,000 homes for a year. The water efficiency upgrades have set in place the conservation of 253 million gallons of water, equivalent to filling 12,000 backyard pools or taking 10 million five-minute showers. HRF-financed projects have created 5,400 good-paying jobs across the state.
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