HVAC FINANCING FOR HOMEOWNERS
Goodbye old air conditioner.
Hello happiness.
What are your HVAC financing options?
Wondering whether you can finance an HVAC system? The answer is yes, but many HVAC financing options require long approval times or excellent credit scores. And while using a credit card to pay for AC upgrades comes with high interest rates and short repayment terms. PACE financing is different. We offer the perfect combination of higher financing amounts, long repayment terms, and affordable, fixed interest rates. All without any minimum FICO requirement. This table can give you a better idea of how HVAC financing works.
PACE Funding |
Home Equity Line of Credit (HELOC) | Credit Card | |
|---|---|---|---|
| Repayment Terms |
Up to 30 Years
|
Up to 30 Years
|
Not Applicable
|
| Rate Structure |
Always Fixed
|
Fixed or Variable
|
Compounding
|
| Approval Time |
Within Minutes
|
Up to a Month or Longer
|
Same Day
|
| Approval Based on Credit Score |
No
|
Yes
|
Yes
|
| Obligation Shows on Credit Report |
No
|
Yes
|
Yes
|
| Lien on the Property |
Yes
|
Yes
|
No
|
| Tax Deductible Interest |
Consult Your Tax Advisor
|
Consult Your Tax Advisor
|
No
|
| Enhanced consumer protections |
Yes
|
No
|
No
|
Financing your HVAC project through Home Run Financing.
My heart sank to my stomach. It went from being a five or six thousand dollar job, to almost a thirteen thousand dollar job. I had no idea how we were going to do it.
Jody – Hillsborough County, FL
Which HVAC upgrades can you start right away?
PACE financing can be used to help pay for a broad range of heating or cooling solutions for your home. Whether you urgently need to replace a broken HVAC unit, are looking to increase the comfort in your home, or want to reduce your energy consumption with newer more efficient HVAC products, PACE can likely help you finance the right solution for your needs.
Replace your central air conditioner.
As a homeowner, if your central air conditioner fails in the middle of the summer you will do whatever it takes to find an immediate solution. However, cutting corners on AC repairs or upgrades often leads to even bigger problems down the road.
We have designed PACE to be an immediate solution for homeowners who think they are out of AC financing options. Working with trusted local AC installers, we can help you get up and running with the right solution in days, not weeks. And with no credit requirements, you can get air conditioning financing even with bad credit.
Improve air quality with ceiling & whole-house fans.
Ceiling fans and attic fans help increase air circulation and remove heat from the attic space of your home. These upgrades can work in combination with your AC unit to further increase the comfort of your home and potentially allow you to run your central HVAC unit less frequently, saving money on your electric bill.
Whole-house fans can work as an alternative to running central AC units by creating a constant flow of outside air that circulates from the bottom of your home to the top.
Get a new furnace, boiler, or biomass/wood stove.
Keeping your home warm in winter is just as important and having a cool comfortable house in the summer. Home Run Financing makes it possible to finance energy efficient furnaces, boilers, and biomass burning stoves. Plus, we never check your credit score, meaning you can get furnace financing even with bad credit.
Biomass heating systems provide an environmentally friendly heating option that burn plant-derived fuel to heat your home. Biomass fuel includes agricultural crops, wood pellets, grasses, and fibers.
Save energy with a geothermal or air source heat pump.
Geothermal and air source heat pumps offer alternatives to traditional home heating solutions. Air-source heat pumps collect and transfer heat from the air while geothermal heat pumps collect and transfer heat from the ground.
Both types of heat pumps can also work as cooling systems in the summer, transferring heat from inside to outside. Opting for heat pump financing also allows you to reduce your reliance on natural gas and help reduce harmful emissions. With Home Run Financing, you can get heat pump financing for a geothermal or air source heat pump and start saving on your electricity expenses.
Eligible in multiple states and more than 520 communities
Click a state below to confirm PACE HVAC financing is available in your area.
California
Florida
Frequently Asked HVAC Questions
Unsure what credit score you need to finance an HVAC system? PACE isn’t a traditional loan, so we don’t use your credit score to determine your eligibility. This means you can get furnace or air conditioning financing even with bad credit. Approval is based on the amount of equity you have in your home, your mortgage payment history, and your ability to repay your PACE assessment. PACE rewards you for the years you spent saving for a down payment and for responsibly paying your mortgage on time. To learn more about getting HVAC financing with bad credit, visit the PACE Funding page.
Home insurance typically covers AC units and heat pumps for damage caused by fires, falling trees, vandalism, lightning strikes and sometimes flooding, similar to coverage for the rest of your home. However, normal wear and tear or accidental damage is typically not covered by home insurance policies.
If your HVAC simply breaks after 10 years of use, then you usually won’t be reimbursed for repair or replacement. We encourage you to check with your home insurance company for specific coverage details about your air conditioning or heating unit. You can always reach out to Home Run Financing when your insurance company refuses to cover the costs. We can help you get AC financing quickly and affordably, regardless of your credit score.
Many HVAC companies offer financing, but it is important to understand your options before making a decision. Unsecured loans will typically require strong credit scores to be eligible for competitive interest rates. Many unsecured loans also have relatively short repayment periods, leading to higher monthly repayment costs. PACE offers long terms and competitive rates, on top of no credit check HVAC financing. This makes PACE a great option for HVAC upgrades and replacements.
There are a handful of federal programs designed to help low-income families with their heating, ventilation, and air conditioning (HVAC) needs. These include the Department of Energy’s Weatherization Assistance Program (WAP), US Department of Health and Human Services’ Low Income Home Energy Assistance Program (LIHEAP), and the Environmental Protection Agency’s Energy Star (ES) program.
Some of these programs do provide a very limited number of free HVAC upgrades to homeowners. Depending on your situation it may be worth exploring these programs. However, the guidelines for qualifying for these programs can be stringent. Home Run Financing can be a great option to finance your HVAC when you don’t qualify for a government program. We make it possible to get air conditioning and furnace financing with bad credit, offering low rates and flexible repayment options.
30 year repayment terms are not available for all project types. Repayment terms are determined by estimated useful life of the product and manufacturer product warranty period. Repayment term options may vary by state. Not all term options are available in all states. Term options are subject to change at any time.
Maximum financing amounts vary by state, city and county. Depending on local regulations, there may be max financing restrictions that limit the maximum PACE financing eligibility to less than 20% of your estimated property value.
