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New study estimates PACE increased California solar growth

Source: Lawrence Berkeley National Laboratory A new study by Berkeley Lab found that residential Property Assessed Clean Energy (R-PACE) programs increased deployment of residential solar photovoltaic (PV) systems in California, raising it by about 7-12% in cities that adopt these programs. R-PACE is a financing mechanism that uses a voluntary property tax assessment, paid off over time, to facilitate

How Can the Solar Industry Benefit From PACE Financing?

Author: Justin Dean, Commercial Property Executive During the PACENation Summit in Denver, keynote speaker Abigail Hopper, president & CEO of SEIA, explored the PACE program’s potential to open new markets, key means to increase solar usage and the tariffs on imported solar panels. Day two of the PACENation Summit kicked off in Denver on Tuesday

New Analysis Shows Residential PACE Delinquency Rates Lower Than Those of Comparable Homeowners

PACENation welcomes new DBRS report showing “strong performance with very low delinquency levels.” Today, credit rating agency DBRS released the first comprehensive analysis of residential PACE (R-PACE) delinquency rates that combines data across multiple years and PACE providers. Using data on R-PACE assessments over four tax years, the analysis found lower delinquency rates compared to

RMI: FHA Should Reconsider their About Face—About PACE

Source: Rocky Mountain Institute (By Jacob Corvidae and Martha Campbell) Last week, the Federal Housing Administration (FHA) announced it will stop insuring new mortgages on homes with property assessed clean energy (PACE) loans. As to what motivated its decision—according to its letter to the U.S. Department of Housing and Urban Development—the FHA is “concerned with the lack of consumer protections associated with the

PACENation Disappointed with FHA Policy Reversal By HUD

U.S. Department of Housing and Urban Development Announces The Federal Housing Administration Will Cease Insuring Mortgages On Homes With PACE Assessments PACENation is dismayed to learn that HUD has abruptly reversed FHA’s PACE policy, which was put into effect by the Obama Administration in 2016, and will no longer insure mortgages for homes with Property

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

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

Public and Private Experts in Financing Clean Energy Improvements Gather in Washington, D.C. for First Ever Mid-Atlantic PACE Alliance Conference

Stakeholders from Maryland, Virginia and Washington D.C. to address ways to accelerate financing commercial energy improvements with minimal to no upfront costs Washington, D.C. (November 9, 2017) – Businesses looking for ways to make clean energy improvements can get all of their questions answered at the first conference of its kind happening November 13, 2017

PACENation Thanks Governor Brown for Signing into Law Model PACE Legislation

Consumer Protection Framework Provides Model for Other States PACENation applauded California Governor Jerry Brown for signing into law landmark legislation, AB 1284 and SB 242, that strengthens residential PACE financing through a comprehensive consumer protection and regulatory framework. The bills, which passed with overwhelming bi-partisan support, provide important new standards that will strengthen and improve

Nation’s First Rated Commercial PACE Securitization Completed by Greenworks Lending

Greenworks Lending, a national lender for commercial PACE (C-PACE) projects, announced today it has closed the nation’s first rated securitization of exclusively C-PACE assets. The $75 million issuance was arranged by Guggenheim Securities and TIAA Investments (an affiliate of Nuveen) was the lead investor. Morningstar Credit Ratings, LLC, rated the securitization. This securitization is a