PACE funds energy upgrades to buildings that create jobs, make properties more valuable, and help states achieve policy goals. It’s 100% voluntary and it’s being adopted in every region of our nation.

PACE Updates

Arlington First in Virginia with New Financing Tool for Sustainable Buildings

Source: Arlington County

Arlington County will pioneer Virginia’s first Commercial-Property Assessed Clean Energy (C-PACE) program—a public-private partnership to provide affordable, long-term financing for projects to improve the energy or water efficiency of commercial buildings in the county.

Under C-PACE, owners of existing buildings will be able to finance up to 100 percent of the cost of efficiency-enhancing projects, including renewable energy projects, for up to 25 years. Commercial property developers can use the program to finance up to 20 percent of the total construction cost of a new building, provided the building is designed to exceed energy efficiency standards. Thirty-three states and the District of Columbia currently allow PACE financing programs.

Read the full article here.

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MikeArlington First in Virginia with New Financing Tool for Sustainable Buildings

Senator Rubio’s former campaign manager stands up for PACE

Adam Hasner, who lead Florida’s 2010 PACE legislation as the Republican Leader of the Florida House of Representatives has written a strong and thoughtful op-ed piece in the Sun Sentinel that is a direct answer to critics of PACE.

David Gabrielson, PACENation’s Executive Director, notes, “We continue to see strong Republican support for PACE, because it’s a state and local government initiative, creates local jobs, unlocks private capital, and is voluntary — giving property owners control without impacting other taxpayers.”  Gabrielson went on to say that “PACE is uniquely positioned to help bring private capital to rebuild hurricane ravaged homes.  Bolstered consumer protections at the state level, led by industry and recent state legislation (see California’s AB 1284 and SB 242) will help ensure that homeowners receive all the benefits from PACE financing”.

We continue to see strong Republican support for PACE — 14 Republican Governors have signed PACE bills into law — as it is state and local led, creates domestic jobs, unlocks private capital, and requires no taxes or subsidies.

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MikeSenator Rubio’s former campaign manager stands up for PACE

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Resources & Downloads

PACENation’s Consumer Protection Policies

PACENation’s consumer protection policies (CPP Version 2) represent the strongest protections and disclosures for homeowners investing in energy efficiency or renewable energy.

Study: PACE Makes Homes More Valuable

In the first economic study of homes with PACE upgrades, three different methodologies and three home price indices were examined and all turned up the same results; PACE is good for the resale value of homes, even after taking into account the financing costs. Published in the Journal of Structured Finance January 2016.

Whitepaper: Benefits of PACE for Commercial Real Estate Companies

For commercial real estate property owners, PACE financing can remove the typical barriers to the implementation of energy efficiency improvements. In this whitepaper, George Caraghiaur explains how to take advantage of the many benefits PACE provides to commercial real estate companies.

2009-2016 C-PACE Market Overview

From 2009-2016, the commercial PACE market provided financing for 1020 commercial projects that amounted to $340 million in total funding.

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