Renew Financial Group LLC

Renew Financial is a specialty lender that provides financing for home energy improvements, including solar panel systems, roofing, HVAC upgrades, insulation, and other projects that improve a home's energy efficiency. It reaches consumers primarily through contractors and installers who offer financing as part of the project sales process.

Renew Financial has offered products including PACE financing, which stands for Property Assessed Clean Energy. PACE financing is a distinct type of financing structure that should be understood carefully before use. With PACE, the loan is attached to the property itself rather than to the borrower personally, and repayment is made through the property tax bill. Because PACE is secured against the property, it can take priority over a first mortgage in some states, which means lenders and mortgage servicers often object to PACE liens. Homeowners with an existing mortgage should check with their lender before taking on PACE financing.

Renew Financial may also offer more conventional installment loan products depending on the state and program. The terms and structure vary, so confirming exactly which type of product you are being offered is important before agreeing.

For any home energy loan, review the interest rate, any fees, total repayment cost, loan term, and the implications of the lien structure on your property and mortgage. For PACE products specifically, understand how the repayment integrates with your property tax bill and what happens if you sell the home before the lien is paid off.

Before accepting financing from Renew Financial or any contractor using their platform, request full written terms and compare against other financing options including home equity products, personal loans, and traditional bank installment loans.