Mike

Largest-ever PACE Transaction Closed at $40 Million

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

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

NAR Says Benefit of Solar Panels Outweighs Extra Financing Steps

In a recent blog post, the National Association of Realtors (NAR) highlights the benefits of properties with solar panels, especially for Realtors, and encourages Realtors to learn about the options available for property transactions with PACE assessments. PACE utilizes private capital to provide upfront financing for project costs such as the installation of solar panels

Council of Development Finance Agencies (CDFA) Shows Support for PACE

Read CDFA’s letter in opposition to S.838, the “PACE” Act of 2017, below: To: Senate Committee on Banking, Housing, and Urban Affairs From: Toby Rittner, President & CEO Council of Development Finance Agencies 100 E. Broad Street, Suite 1200 Columbus, OH 43215 [email protected] Re: Opposition to S. 838, the “PACE” Act of 2017 Senators Cotton

Statement by PACENation Executive Director David Gabrielson on Anti-PACE Legislation Being Introduced in Congress

Property Assessed Clean Energy (PACE) financing empowers state and local governments to meet important public policy objectives and boost local employment at no cost to public budgets. PACE supporters are deeply concerned by the incendiary attacks leveled against this innovative and successful policy today from some on Capitol Hill. Observers should look beyond the inflammatory

Rhode Island Infrastructure Bank Announces Financing for First Rhode Island C-PACE Projects

Source: RI-CPACE. Funding Provides Major Cost, Energy Savings for R.I. Business PROVIDENCE, RI – Rhode Island Infrastructure Bank (RIIB) today announced that the first two Rhode Island Commercial Property Assessed Clean Energy (RI C-PACE) projects have received financing. RI C-PACE provides financing for clean energy projects that lead to significant cost and energy savings for

Morningstar agrees: PACE is low-risk, beneficial to homeowners, and has strong oversight

In a recent report, “Clearing the Air – Addressing Three Misconceptions of PACE,” Morningstar ABS Research clarified a few important points about PACE financing. Read an excerpt, then click through to see the whole report: Morningstar Perspective: As financing of energy-efficient projects through property assessments becomes more widespread, concerns and misconceptions regarding its use and

PACENation Sets New Standards for Consumer Protections

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

WSJ Article Presents a Skewed View, Ignores the Positive Story of PACE

Many of you no doubt saw the January 10th Journal article, “America’s Fastest-Growing Loan Category has Eerie Echoes of Subprime Crisis.” We hope you share our disappointment that the article was so unfair to PACE. It might have emphasized that to date, over 130,000 homeowners report high satisfaction using it to finance often-necessary energy-related investments