Property-assessed clean energy loan (PACE) programs for both residential and commercial sectors are booming in 2014, with much more growth to come in 2015.
California has completed about $500 million in residential PACE projects for around 25,000 homes, according to PACENow, a nonprofit that promotes the PACE concept. The commercial market has closed about $100 million in completed projects, with another $400 million in the pipeline. The approximately $600 million in completed projects is up from about $60 million in 2013.
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