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

Tulare County Approves Renovate America’s HERO PACE Financing

Source: Renovate America

California county becomes latest local or state government in U.S. to give residents access to innovative financing for home energy and efficiency improvements

SAN DIEGO, July 13, 2017 – Supervisors in Tulare County, California, voted this week to give residents access to Renovate America’s HERO Property Assessed Clean Energy (PACE) financing for home energy and efficiency improvements. The vote was the latest in a string of local legislative victories for both HERO and PACE, and showed momentum for the innovative financing mechanism growing in California and beyond.

The vote by Tulare County supervisors to allow HERO to be offered in unincorporated portions of that county came as supervisors in neighboring Kern County voted 4-0 to give HERO a six-month extension to operate there. It also came a day after commissioners in Collier County, Florida, gave final approval to HERO in that county’s unincorporated region, which followed similar moves earlier this year by commissioners in Hillsborough and Pasco counties – also in Florida – and supervisors in California’s Amador and Glenn counties. Last month, city councilmembers in Santa Rosa, California, voted to give their residents access to HERO, as did the city of Columbia, Missouri.

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MikeTulare County Approves Renovate America’s HERO PACE Financing

WDCEP Partners with Greenworks Lending to Support Economic Development Using Innovative Public/Private Partnership Approach

Source: Greenworks Lending

Washington, D.C., July 11, 2017 — The Washington DC Economic Partnership (WDCEP) and Greenworks Lending have entered into a partnership to bring Commercial Property Assessed Clean Energy (C-PACE) financing to commercial and multi-family property owners across Washington D.C.

“The Washington DC Economic Partnership’s mission is to support business growth and economic development in Washington, DC,” said Keith Sellars, president and CEO of the WDCEP. “This partnership will help lead to more low-cost capital for city development, enhanced property values, reduced property operating expenses, and an improved environment that will ultimately support business owners and developers across the District. WDCEP will help introduce C-PACE, particularly to our partners in the development community and multifamily property owners who can utilize this program to improve housing stock and fuel redevelopment.”

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MikeWDCEP Partners with Greenworks Lending to Support Economic Development Using Innovative Public/Private Partnership Approach

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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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