Lenders Support Commercial PACE

PACENow has released the results of a Lender Support Study conducted in 2012, which surveyed national, regional and local mortgage lenders whose interests in buildings could be affected by PACE financings. PACE programs in Washington, D.C., Los Angeles, and San Francisco Read More …

“Shared Services” Program Overcomes Hurdles to PACE

Lean and Green Michigan, a public-private partnership assembled by Andrew Levin (son of U.S. Representative Sander Levin, and former director of the Michigan Department of Labor and Economic Growth), has signed up Ingham County and the Detroit suburb of Southfield Read More …

DOE Publishes “Updates from the Field”

The U.S. Department of Energy has just released “Commercial PACE: Updates from the Field & New Resources for Design and Implementation,” based on experiences in California, Connecticut, and Minnesota. According to DOE, The property-assessed clean energy (PACE) model is a new, Read More …

Cincinnati Endorses PACE Program

On March 8, 2013, the City of Cincinnati, OH passed a motion “that the administration establish a Property Assessed Clean Energy (PACE) financing program for renewable energy and energy efficiency investments in Cincinnati.” This was part of an initiative adopting Read More …

Commercial PACE Gains Ground in Many States

States continue to introduce commercial PACE programs: This is taken from: PACENow_Book-for-Building-Owners1

PACE Market Overview Paper Released

According to PACENow: As of February 2013, there were 16 commercial PACE programs accepting applications to finance building efficiency projects. Most of these have been active for less than a year, and some are just now completing their first projects. Read More …

National Groups Submit More than 38,000 Comments Supporting Residential PACE

The Center for Leadership in Sustainability, along with numerous other groups across the country, has submitted comments to FHFA opposing their ban on residential PACE programs. As PACENow.org notes, the FHFA’s Notice of Proposed Rule (NPR): Allows Fannie Mae and Read More …

Benefits of a PACE Program

From the Sonoma County PACE Manual, Property Assessed Clean Energy (PACE) Replication Guidance Package for Local Governments (March 2012): Benefits to Commercial Property Owners Potential for lower electric, gas and water utility bills More comfortable buildings Improved indoor air quality Read More …

Successful Experiences with PACE

From the Sonoma County PACE Manual, Property Assessed Clean Energy (PACE) Replication Guidance Package for Local Governments (March 2012): SCEIP was the first countywide PACE program in the State of California and continues to provide both residential and non-residential PACE Read More …

New Jersey PACE Legislation Effective May 2012

Downloadable Fact Sheet on PACE and CCEA: PACE&CCEA2012r5 PACE funding programs are expected to be introduced by many NJ municipalities starting in 2012. This low-­cost, no-­risk financing mechanism for conservation and clean energy improvements is expected to create jobs and have Read More …