News & Blog

The new direction of PACENation

PACENation PACE Financing

 

To our PACENation friends:

PACENation is your organization, dedicated to bringing PACE to every community in America. We’re working with groups throughout the U.S. to bring PACE to more places and make sure property owners, manufacturers, contractors, governments and investors understand its unique advantages. And as our market grows, we’re developing best practices and standards to help ensure the long-term success of PACE.

PACE is at a turning point, and PACENation will need additional resources to meet the needs of our rapidly growing marketplace. To that end, we are pleased to launch a membership program that will enable deeper engagement between PACE stakeholders and our organization and help bolster financial support for our efforts.

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MikeThe new direction of PACENation

HERO PACE Comes To Florida & Missouri

Source: CleanTechnica

Roy A. Hale writes for CleanTechnica and the EcoReport:

“Last July, Leon County (home to Tallahassee) became the first Florida municipality to adopt the HERO PACE Program. Several other Florida counties and cities followed suit. The latest was Orlando, whose city council approved the program this week. These are a few of the milestones, as HERO PACE comes to Florida & Missouri.

“The key here is drawing a distinction between communities that have approved/adopted HERO and those communities in which the HERO Program has officially launched. There is typically a gap of between 3–6 months between the time of approval/adoption and an actual launch,” explained a company spokesperson.

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MikeHERO PACE Comes To Florida & Missouri

PACE Market Newsletter: October 2016

 

PACENation webinar commercial real estate

The Commercial Real Estate market is among the most viable sector of buildings to take advantage of PACE financing. This webinar will discuss some of the best ways to pitch PACE to property owners and those involved with making final decisions related to energy upgrades. Topics will cover: the best talking points for capturing the interest of CRE decision makers; understanding the financial impact of various lease structures; the cost of PACE debt vs. traditional debt and equity; and more. Click to register…  Speakers include:

  • George Caraghiaur, Senior Fellow, PACENation
  • L. Jean Dunn, Founder and CEO, Structured Finance Associates
  • Abby Johnson, President, Abacus Property Solutions & Atlantic PACE
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MikePACE Market Newsletter: October 2016

PACE in TX: Travis and Williamson counties’ PACE programs close $3 million in PACE Projects with the Simon Property Group

barton-creek-square

Barton Creek Square Mall – Austin, TX

Source: TX PACE Authority

AUSTIN – The Travis and Williamson counties’ PACE programs closed their first commercial projects today, totaling $3 million in financing for energy and water saving retrofits to three Simon Property Group malls:  Barton Creek Square in Austin, Lakeline Mall in Cedar Park, and the Round Rock Premium Outlets.

“These projects are exactly what we had in mind when the legislature created PACE,” said Texas Rep. Jim Keffer, chairman of the House Natural Resources Committee and the PACE bill author. “The upgrades will save water and energy, improve the tax base in these communities, and provide long-term financing for the property owners. Truly a win-win-win for Texas.”

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MikePACE in TX: Travis and Williamson counties’ PACE programs close $3 million in PACE Projects with the Simon Property Group

CleanFund Provides Largest Ever Commercial Property PACE Financing to Pacific Ethanol for 5 Megawatt Solar Energy System at Industrial Facility

  • CleanFund finances $10-million renewable energy improvement, which will deliver more than $1 million in annual operating cost savings to Pacific Ethanol
  • High performance solar energy system to be designed and installed by Borrego Solar Systems under California’s Net Metering 2.0 rules that allow offset of greater energy usage than previously available

SAN FRANCISCO and SACRAMENTO, Calif. (September 26, 2016) — Pacific Ethanol, Inc. (NASDAQ:PEIX), a leading producer and marketer of low-carbon renewable fuels in the United States, is purchasing and installing a new 5 megawatt (MW) solar photovoltaic (PV) power system at its Madera, California biorefinery that produces ethanol, wet distiller grains and corn oil.

$10-million of the project cost is being financed by CleanFund, the leading provider of long-term financing for energy efficiency, renewable energy, water conservation and seismic improvements specifically for commercial, industrial, multifamily and other non-residential properties across the U.S.

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MikeCleanFund Provides Largest Ever Commercial Property PACE Financing to Pacific Ethanol for 5 Megawatt Solar Energy System at Industrial Facility

First Colorado Commercial Property Assessed Clean Energy (C-PACE) Project Receives Financing

Source: CO PACE.

DENVER – Sept. 21, 2016 – The New Energy Improvement District (NEID) announces financing for Colorado’s first Commercial Property Assessed Clean Energy (C-PACE) project. NEID, with Colorado Energy Office (CEO) support, oversees the development of Colorado C-PACE projects. The Boulder County project is a 42,000 sq. ft. commercial and industrial facility owned by Urban Green Development. The facility will undergo energy improvement measures totaling approximately $320,000, with a loan from Citywide Banks.

“The availability of Colorado C-PACE financing was the catalyst that drove our decision to make these important building improvements,” said Scott Kiere, Chief Executive Officer of Urban Green Development. “This investment will increase the asset value, lower energy costs and reduce greenhouse gas emissions.”

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MikeFirst Colorado Commercial Property Assessed Clean Energy (C-PACE) Project Receives Financing

HERO Program Launching in Kansas City, Missouri, and Jackson County to Finance Home Energy Improvements

KANSAS CITY, Missouri, Sept. 14, 2016 – Starting Thursday, the HERO Property Assessed Clean Energy (PACE) Program will be available to homeowners in Jackson County and Kansas City, Missouri. HERO financing enables homeowners to make energy improvements and to pay for them over time through their property tax bill. HERO financing payments may have tax benefits, and many homeowners see immediate savings on utility bills by investing in efficiency or renewable energy upgrades.

HERO, which stands for Home Energy Renovation Opportunity, is the largest residential PACE program in the United States and has already helped tens of thousands of homeowners lower utility bills by replacing HVAC systems, upgrading windows and doors, adding insulation, going solar, and more. HERO is becoming available to Missouri communities that join the Missouri Clean Energy District (MCED). Kansas City, Missouri, and Jackson County were among the first communities to join MCED, and their residents will have access to HERO beginning September 15. Homeowners interested in applying for HERO financing or who wish to learn more should visit www.heroprogram.com.

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MikeHERO Program Launching in Kansas City, Missouri, and Jackson County to Finance Home Energy Improvements

CleanFund Closes Six More Transactions, Financing Solar Energy and Other Improvements for Commercial Buildings in California

CleanFund Closes Six More Transactions, Financing Solar Energy and Other Improvements for Commercial Buildings in California

  • Property owners tap CleanFund’s new SolarPACE™ program for speedy access to capital
  • Unique solar financing structure provides immediate tax, cash flow benefits, with convenient billing and payment through property taxes

SAN FRANCISCO (September 14, 2016) — CleanFund, the leading provider of long-term financing for energy efficiency, renewable energy, water conservation and seismic improvements to commercial and multifamily properties across the U.S., announced the closing of six California transactions.  Property owners used CleanFund’s new SolarPACE™ program to finance renewable energy improvements to their properties.  CleanFund provided approximately $3.5 million across the six transactions.

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MikeCleanFund Closes Six More Transactions, Financing Solar Energy and Other Improvements for Commercial Buildings in California

Dividend Solar Adds Consumer Finance and Solar Industry Leaders to Executive Team amidst Launch of New Loan Options and Expansion into PACE Financing

Dividend Solar Adds Consumer Finance and Solar Industry Leaders to Executive Team amidst Launch of New Loan Options and Expansion into PACE Financing

(San Francisco: September 13, 2016) – Dividend Solar (“Dividend”) announced today that it has grown its executive team, adding several leaders with deep experience from the consumer finance and solar industries. The new additions are expected to play pivotal roles in the growth of the company, which is expanding from its base as a residential solar financing company into home energy, PACE, and commercial solar financing.

Following an announcement earlier this summer, Dividend Solar and Figtree Financing have completed their merger, including a $200 million commitment from LL Funds. Dividend currently operates in 28 states across the U.S., and is now launching its PACE financing platform which

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MikeDividend Solar Adds Consumer Finance and Solar Industry Leaders to Executive Team amidst Launch of New Loan Options and Expansion into PACE Financing

HERO Program a Fast-Growing Platform for Residential Solar

As HERO-financed home solar installations reach 20,000, Renovate America expands offerings to help grow contractors’ business

LAS VEGAS, Sept. 12 – Renovate America’s HERO Program has now financed nearly 20,000 residential solar power installations, resulting in the creation of almost 5,000 clean-energy jobs. The figures, along with a number of new solar product offerings announced today at SPI, North America’s largest solar trade show, underscore the increasingly powerful synergies between HERO financing and rooftop solar.

Since it launched in late 2011, the HERO Program has financed more than 119 megawatts of solar generating capacity. That’s more than all the rooftop solar that had been installed as of January in the following states, combined: Alaska, North Dakota, South Dakota, Nebraska, Mississippi, Wyoming, Alabama, Oklahoma, West Virginia, Kansas, Arkansas, Idaho, Montana, South Carolina, Kentucky, Rhode Island, Indiana. Maine, Illinois and Minnesota[1].

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MikeHERO Program a Fast-Growing Platform for Residential Solar