I was amazed when I found out that California PACE program could be used to finance pool improvements. PACE is a loan program for energy efficient installations on a home. The program gives a 10 to 25 year loan with no payments for 17 months. The best part is that it does cover pool equipment.
Exciting, isn’t it? However, you will want to know exactly what it covers and where to apply.
What energy efficient pool equipment does PACE finance?
- Pool pump & Motor: To qualify for the program, the product must be Energy STAR® Certified. If it is a single speed pump: EF ≥ 3.8 for single speed. If you have a multi/variable speed/flow: EF ≥ 3.8 for most efficient speed. It must be installed per manufacturer specs.
- Electric Heat Pool Heater: To qualify, your heater must be listed in California Energy Commission Appliance Efficiency Database. It must have a COP (Coefficient of Performance)≥ 4.5. Like the pool pump and motor, it must be installed per manufacturer specs.
- Gas Pool Heater: The heater must be listed in California Energy Commission Appliance Efficiency Database. It must have a Thermal Efficiency ≥ 83%. Like the above, it must be installed per manufacturer specs.
- Automatic Pool Cover: You pool cover must be an automatic pool cover UL certified as meeting ASTM F1346 Standard Performance Specification. Another requirement to note is that the pool cover must be permanently installed on an existing swimming pool. Manual swimming pool covers are not eligible for the program. Likewise, the pool cover must be installed per manufacturer specs.
Now, I know you are all excited. Since you want to really get the info on how to apply, you need to go to the California PACE website at http://pacenation.us/pace-in-California/ and you too can get yourself some new high efficiency pool equipment. Enjoy!