We believe all homeowners should be able to upgrade to a safe, comfortable, efficient home.
Home Run Financing was founded in 2014, as PACE Funding, by a group of senior financial service and renewable energy executives with a passion for the potential of distributed solar energy. Their mission was to not only help finance the roll out of residential solar and energy efficiency measures but also to help ensure that all homeowners have access to improvements that make their homes safer, more comfortable, and more energy efficient.
They realized that traditional home improvement financing options exclude many homeowners in under-banked communities or demographics who may not have strong credit scores or the cash to pay for such projects. As a result, households that have the most to gain from modern, home-improvement technologies are often unable to participate in the transition to products such as solar, high-efficiency heating, cooling, and roofing, or upgrades that protect homes in the face of increasing hurricanes, wildfires, and drought.
Enter Home Run Financing. Property Assessed Clean Energy (PACE) is innovative home improvement financing that completely rethinks the traditional underwriting criteria for home improvement loans. As a result, PACE provides financial access to homeowners who may not have other options for participating in the modernization of homes in the United States.
Home Run Financing group has helped tens of thousands of homeowners upgrade their homes. We are active in three states and over 830 communities. We are constantly expanding coverage and exploring additional financial innovations that will further enable financial inclusion in home improvement technologies.
In 2021, the company saw an opportunity to expand its financing choices to homeowners by offering an unsecured loan for home improvements giving its customers a very different option. By expanding beyond PACE financing, the name ‘PACE Funding’ was no longer an accurate description of the company. The company changed its name to “Home Run Financing” because its combination of financing products are a “home run” solution for both contractors and homeowners.