Updated Consumer Protection Policies, released at PACENation Summit, form basis for enforceable state and local legislation
DENVER, Feb. 16 – PACENation, the national, non-profit advocacy organization for Property Assessed Clean Energy (PACE) financing, today announced an important update to its 2016 residential PACE Consumer Protection Policies. The enhanced standards include customer supports and safeguards that go well beyond those found in any other form of home-improvement financing and are designed to facilitate the successful expansion of PACE to new states and local communities.
Homeowners use PACE to make qualified energy and efficiency upgrades to their properties and pay for them over time with a new line item on their property taxes. To date, PACE has empowered more than 130,000 homeowners to invest over $3.4 billion in projects that make their homes more comfortable and less expensive to heat, light and cool. It is estimated that PACE projects will help lower residential utility bills by billions of dollars. Local government sponsors of PACE point to the energy and environmental goals PACE helps achieve, the more than 20-thousand jobs that PACE has created or supports in their communities, and that it has little or no impact on their public budgets.read more