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Did you participate in Los Angeles County’s PACE program? A $12 million settlement addresses claims that homeowners, especially the elderly and those with limited English, were misled and pressured into unfair agreements.
Stay Informed and Get Involved! Browse our list of Class Action Lawsuits and Open Class Action Settlements you may be able to join!
If you are a homeowner in Los Angeles County who entered into a PACE contract with Renew Financial or Renovate America between March 1, 2015, and March 31, 2018, and the PACE assessment was recorded as a lien against your property, you are considered a class member and eligible to participate in the settlement.
While there's no requirement to purchase anything to participate in the settlement, you will need documents to verify your eligibility and potentially maximize your award. Here's what you might need:
Settlement Amount
Varies
Claim Form Deadline
06/13/2024
Exclusion Deadline (Opt-Out)
06/13/2024
Final Approval Hearing
08/09/2024
Los Angeles County and Renew Financial have agreed to a $12 million settlement to resolve a class action lawsuit alleging they misled and took advantage of homeowners who participated in the Property Assessed Clean Energy (PACE) program. The lawsuit claimed that Los Angeles County, along with Renew Financial and Renovate America (PACE contractors), targeted vulnerable homeowners, including the elderly and those with limited English proficiency, pressuring them into unfair PACE agreements.
What is PACE?
PACE is a financing program that allows homeowners to pay for energy-efficient improvements or renewable energy systems through property tax assessments. While intended to be a helpful program, the lawsuit alleges that Los Angeles County, Renew Financial, and Renovate America engaged in deceptive practices:
Settlement Details
Los Angeles County and the PACE contractors have denied any wrongdoing but agreed to the settlement to avoid further legal costs.
The settlement creates four subclasses of homeowners who may be eligible for compensation, with varying award amounts:
Think you might have a case? If you believe you've been affected by a similar situation, browse our list of Class Action Lawsuits and Open Class Action Settlements you may be able to join!
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