5 Star Rating on Trane.com
RenewPACE: A smart solution for homeowners
With RenewPACE financing, you can receive 100% financing for energy efficiency, renewable energy, water-saving, and resiliency upgrades, repaid on your property taxes over the course of 5-25 years. With RenewPACE financing, the amount you can borrow is based on your home equity, and the interest rate is fixed, with no surprises. You can borrow up to 20% of your property value, and the balance may transfer to the new owner upon sale of the property, subject to lender approval.
Offered in cooperation with state and local governments, RenewPACE is simple and easy to use with superior customer support.
Why choose RenewPACE?
- 100% financing with no upfront out-of-pocket costs
- Fast in-home approvals
- Borrow up to 20% of property value
- Flexible repayment terms: 5, 10, 15, 20 or 25 years
- Balance may transfer to new owner upon sale, subject to lender approval