Artesia, Burbank and Lakewood Adopt PACE Home Improvement Financing

Homeowners in these three cities can now leverage PACE funding for a wide range of property upgrades, including HVAC systems, roofing, EV charging stations, and earthquake resiliency measures. The initiative aims to help residents mitigate rising utility costs and address environmental challenges like extreme heat and drought. Burbank officials collaborated with the local utility, Burbank Water and Power, to integrate the program into the city's existing infrastructure.

Consumer protections remain a core component of the rollout. Projects financed through this model require third-party inspections and contractor payments are withheld until the homeowner confirms satisfaction. Furthermore, the program operates under the regulatory oversight of the California Department of Financial Protection & Innovation. To ensure accessibility for the significant Hispanic and Latino populations in these cities, Home Run Financing has committed to providing all documentation, contracts, and customer support in both English and Spanish.

Since its inception, Home Run Financing has deployed more than $694 million across 22,100 California projects. These upgrades have contributed to an estimated reduction of 297,700 metric tons of greenhouse gas emissions and saved 355 million gallons of water. The company, which supports a network of over 2,000 contractors, estimates the program has facilitated the creation of 6,200 sustainable jobs throughout the state.