This newest rollout extends Renew Financial’s residential PACE offering to 42 municipalities in Los Angeles County and 370 jurisdictions statewide
BURBANK, CA, UNITED STATES, October 6, 2026 /EINPresswire.com/ — Renew Financial, a frontrunner and innovator in residential Property Assessed Clean Energy (PACE) financing, has announced that its residential PACE financing is now accessible to qualifying homeowners in Burbank, Artesia, and Lakewood, marking another step in the program’s broader reach across Los Angeles County.
The Burbank City Council greenlit participation in Renew Financial’s PACE program on August 25, with Artesia and Lakewood having already given their approvals earlier in the summer.
Following these additions, Renew Financial’s residential PACE financing is now offered in 42 municipalities throughout Los Angeles County and 370 jurisdictions across California, widening the pathway to funding for qualifying energy-efficiency, water-conservation, and resiliency upgrades.
“We are thrilled to add Burbank, Artesia, and Lakewood to the expanding roster of California communities where Renew Financial’s PACE program is accessible,” said Vinay Gupta, CEO of Renew Financial. “Residents throughout California are seeking practical solutions for meaningful home upgrades. Broadening PACE gives more homeowners another financing avenue to pursue projects that boost their homes’ efficiency and resilience.”
Under PACE, eligible homeowners can fund approved home enhancements, such as roofing, HVAC systems, solar panels, energy storage, windows and doors, and water-saving initiatives. Repayment occurs over time via a voluntary assessment added to the homeowner’s property tax bill.
PACE qualification depends on elements like property equity, mortgage and property tax payment track record, and the homeowner’s repayment capacity. A credit review is mandatory, yet a credit score does not factor into eligibility decisions. The program incorporates consumer safeguards, including ability-to-repay underwriting, full disclosures, and contractor stipulations.
This growth builds on Renew Financial’s established footprint in California, where the firm has financed more than $1 billion in efficiency, energy, and resiliency projects across participating communities. These efforts are projected to conserve over 2.7 billion gallons of water and 1.2 billion kWh of electricity, while also supporting the creation of roughly 13,000 local jobs*.
Homeowners can check their property’s address eligibility without a credit inquiry at renewmyhome.info.
About Renew Financial
Renew Financial Group LLC (Renew Financial) stands as a top residential Property Assessed Clean Energy (PACE) financing provider in Florida and California. With a focus on community benefits, Renew Financial is dedicated to advancing resiliency and environmentally positive projects through the residential PACE program. Renew Financial has financed more than $2.2 billion in PACE projects, resulting in greenhouse gas (GHG) reductions exceeding 2 million metric tons, comparable to removing over 469,000 vehicles from the road. These undertakings have also fostered the creation of over 32,000 local jobs and savings of more than 2.8 billion gallons of water.
Financing is contingent on approval. Underwriting criteria and restrictions apply. No credit score is necessary to qualify. Not all applicants will be approved. Program availability depends on local participation. Product eligibility may differ by jurisdiction. PACE is private financing secured by the property and must be fully repaid. Renew Financial is not a governmental entity. Renew Financial Group LLC. NMLS # 1781120 California Department of Financial Protection and Innovation – PACE Program Administrator License #60DBO-90653.
*Funded volume as of September 2026. Water, energy, and job numbers are estimates based on internal data; individual outcomes may vary.
Pamela Alcantar
Renew Financial
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