Property Assessed Clean Energy (PACE) Program Administrators

PACE Program Administrator Licensees

The following four organizations are licensed as program administrators under the California Financing Law:

  • Renew Financial Group LLC
    California Financing Law License No. 60DBO-90653
    1221 Broadway, 4th Floor
    Oakland, California 94612
    DBAs and Programs: CaliforniaFirst
  • PACE Funding Group, LLC
    California Financing Law License No. 60DBO-91769
    750 University Avenue, Suite 140
    Los Gatos, California 95032
    DBAs and Programs: PACEfunding, Home Run Financing
  • FortiFi Financial, Inc.
    (formerly Energy Efficient Equity, Inc.)
    California Financing Law License No. 60DBO-91941
    11111 Santa Monica Boulevard, Suite 950
    Los Angeles, California 90025
    DBAs and Programs: E3; Energy Efficient Equity
  • Ygrene Energy Fund California LLC
    California Financing Law License No. 60DBO-91942
    2100 South McDowell Boulevard
    Petaluma, California 94954
    DBAs and Programs: Ygrene; Ygrene Energy Fund; Ygrene Energy Fund California; YgreneWorks; Ygreneworks; Ygrene Fund California

Search for Enrolled PACE Solicitors or Enrolled PACE Solicitor Agents

Browser Recommendation: Google Chrome, Mozilla Firefox, and Safari are the recommended browsers for this page, while Internet Explorer is not recommended.
  • Enrolled PACE Solicitors Search

    A PACE solicitor is an organization authorized by a program administrator to solicit a property owner to enter into a PACE financing agreement for efficiency improvements on the owner’s property. Typically, a PACE solicitor is a contractor licensed by the Contractors’ State License Board.

  • Enrolled PACE Solicitor Agents Search

    A PACE solicitor agent is an individual employed or retained by, or acting on behalf of, a PACE solicitor to solicit a property owner to enter into a PACE financing agreement for efficiency improvements on the owner’s property. Typically, a PACE solicitor agent is a home improvement salesperson registered with the Contractors’ State License Board.


Regulations

Final Regulations

PRO 02/17 – Effective October 1, 2021

NMLS Transition for California Financing Law Applicants and Licensees, and Requirements for PACE Program Administrators

ADOPT: Title 10, California Code of Regulations, Sections 1422.5.1, 1620.01, 1620.02, 1620.03, 1620.05, 1620.06, 1620.07, 1620.08, 1620.10, 1620.11, 1620.12, 1620.13, 1620.14, 1620.15, 1620.16, 1620.17, 1620.19, 1620.21, 1620.22, 1620.25, 1620.27, 1620.28, and 1620.29.

AMEND: Title 10, California Code of Regulations, Sections 1404, 1408, 1409, 1409.1, 1411, 1422, 1422.4, 1422.4.5, 1422.5, 1422.6.2, 1422.6.2, 1422.7.1, 1422.9, 1422.10, 1422.12, 1423, 1424, 1425, 1426, 1437, 1550, and 1552.

Effective Date: October 1, 2021

Electronic Surety Bond, Effective April 27, 2021

ADOPT: Title 11, California Code of Regulations, Section 31.28
Effective Date: April 27, 2021

Proposed Regulations

  • None at this time.

Historical Rulemaking Documents

Stakeholder Meeting

  • On December 1, the DFPI held a workshop with interested persons to gather information on needed regulations for the effective oversight of PACE program administrators (Govt. Code, § 11346, subdivision (b)). The DFPI is in the process of drafting regulations to implement the new law and seeks comments from interested parties prior to initiating a formal rulemaking action with the Office of Administrative Law.

Summary of Operative Dates

The Summary of Operative Dates is not an exhaustive list, but is intended to provide a general overview for compliance. A program administrator should review the law to ensure compliance with the specific requirements on the dates they become operative. A PACE program administrator must comply with the law upon its operative date. The Department will review a program administrator’s compliance with the law as of its operative date during the licensing process, during regulatory examinations, and as part of investigations and enforcement actions, where applicable.

SUBSCRIBE TO RECEIVE RULEMAKING NOTICES

To receive notices of DFPI rulemaking, subscribe to our e-mail subscription service.


Background

On October 4, 2017, Governor Brown signed AB 1284 (Chapter 475, Statutes of 2017). The bill renames the California Finance Lenders Law the California Financing Law. This change became effective upon signing, and sets forth a licensing scheme for Property Assessed Clean Energy (PACE) program administrators. A “program administrator” is a person administering a PACE program on behalf of a public agency. (Fin. Code, § 22018.) A PACE program provides financing for the installation of energy-efficiency improvements on real property with funding repaid through property tax assessments, as authorized by specified laws. (Fin. Code, § 22016.)

How to reach us:

Department of Financial Protection and Innovation
Financial Services / California Financing Law
320 W. 4th Street, Suite 750
Los Angeles, CA 90013

Phone: (213) 576-7690
Fax: (213) 576-7574
Email: PaceHelp@dfpi.ca.gov

Note:

Applications for a PACE Program Administrator License are available through the Nationwide Multistate Licensing System and Registry (NMLS).

Since January 1, 2019, the Department of Financial Protection and Innovation licenses Property Assessed Clean Energy (PACE) program administrators and regulate the PACE industry.

Last updated: Sep 10, 2021 @ 11:03 am