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

Largest-ever PACE Transaction Closed at $40 Million

 CleanFund, Petros and Renew Financial collaborate to provide critical seismic improvements to Seton Medical Center

Seton Medical Center campus, Daily City, California (PRNewsfoto/CleanFund Commercial PACE Capit)

Seton Medical Center campus, Daily City, California

DALY CITY, CA (May 23, 2017) – Today, CleanFund Commercial PACE Capital, Petros PACE Finance, and Renew Financial

completed funding for $40 million of seismic upgrades to the Seton Medical Center, owned by Verity Health Systems, in Daly City, CA. This project is the largest PACE financing in history, quadrupling the previous record of $10 million on a single project.

Renew Financial administered the project through the CaliforniaFIRST PACE Program. CleanFund originated the transaction, bringing in PETROS and each provided $20 million to fund the critical safety improvements, which will allow the building to meet California’s mandatory Hospital Seismic Safety Act (SB 1953).

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MikeLargest-ever PACE Transaction Closed at $40 Million

Coalition of environmental groups urge Congress to save PACE

A coalition of supporters, organized by Brightline Defense and including Build It Green, CalSEIA, Climate Action Campaign, the Center for Sustainable Energy, Cleantech San Diego, California Energy Storage Alliance, and Vote Solar have sent a letter to congress urging action on proposed legislation that would kill PACE financing, one of America’s most effective means of financing energy-efficiency and renewable-energy property improvements.

Read an excerpt and download the letter below:

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MikeCoalition of environmental groups urge Congress to save 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.

Q3 2016 C-PACE Market Update

In the third quarter of 2016, the commercial PACE market continued to grow as PACE programs provided financing for 104 commercial projects that amounted to $44.6 million in total funding.

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