Homeowners in Artesia, Burbank, and Lakewood, California, now have access to Home Run Financing’s property assessed clean energy program following approvals by their city councils. Eligible projects can include HVAC upgrades, along with improvements such as roofing, renewable energy systems, and water-saving measures.
PACE provides another way for qualifying homeowners to finance an improvement. For an HVAC contractor, that can matter when a customer needs a replacement but is weighing the upfront cost. The three approvals expand this provider’s availability in specific local markets; they do not establish that every homeowner or HVAC installation will qualify.
There are operational details for contractors as well. Home Run Financing says its program is offered through registered and trained contractors. The company also says contractors are paid after a project is completed and homeowner satisfaction is confirmed.
That makes the financing process part of the job workflow, from determining eligibility and preparing paperwork to understanding when payment will arrive. Contractors considering the program should review its current terms and requirements before presenting it as an option to a customer.
The news is local rather than a statewide policy change. Still, it shows how financing availability can shape the repair-versus-replacement conversation—and why contractors need to understand the options actually available in the cities they serve.
