News & Blog

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

RenewPACE Program Launches in Florida for Millions of Homeowners

Clean energy home improvement financing program now available to both residential and commercial property owners in the cities of Orlando, Satellite Beach and Doral, and cities and counties in Broward, Pasco, Pinellas, Alachua, Escambia (commercial only), Indian River, Martin and Palm Beach.

Innovative program recently received backing from the Federal Housing Administration (FHA)

FT. LAUDERDALE, Fla., and OAKLAND, Calif., Sept. 8, 2016 /PRNewswire/ — Renew Financial, a leading clean energy finance company, today announced the launch of its successful RenewPACE financing program across many of Florida’s largest cities and counties. Residential and commercial properties in major Florida areas can now benefit from RenewPACE for a wide variety of energy efficiency, renewable energy, and wind resistance initiatives. This comes on the heels of a major gesture of support for PACE from the Obama administration and the Federal Housing Administration just last month.

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MikeRenewPACE Program Launches in Florida for Millions of Homeowners

Largest Ag project to use Property Assessed Clean Energy Completed

PLEASANT HOPE, Mo. — The Show Me PACE Clean Energy District has announced the completion of the largest agricultural PACE project in the country – a farm-to-plate hog processing facility in southwest Missouri which utilized $4 million in Property Assessed Clean Energy (PACE) financing for energy and water improvements.

The project is a unique blend of a commitment to healthy food production, sustainable farming and preservation of natural resources. The driving force of facility owner/operator Moon Ridge Foods, LLC is to produce the safest, highest-quality, best-tasting pork products possible while enhancing the lives of their workers, local communities and supplying farmers – all while being good stewards of the environment.

Moon Ridge Foods retrofitted a 75,000-sq.-ft. steel-framed facility in Pleasant Hope, Missouri to accommodate their progressive production and processing methods. PACE financing paid for HVAC upgrades, a high-efficiency boiler, a solar photovoltaic system, an energy-efficient hog harvesting system, an insulated roof upgrade, LED lighting and energy-efficient packaging equipment.

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MikeLargest Ag project to use Property Assessed Clean Energy Completed

Executive Director’s Column: R-PACE and FHA

Dear PACENation members,

Last month, the US Department of Housing and Urban Development and its Federal Housing Administration issued long-awaited guidance that leads us on a path for broader availability of residential PACE financing throughout the United States. These two tremendously important federal agencies have, after thorough review, concluded that PACE is an entirely valid use of the local government assessment financing mechanism, used for decades by nearly 40,000 assessment districts throughout the US to fund projects that benefit property owners and meet a clear public purpose.  PACENation applauds and strongly supports the guidance, and you can read our full statement here.

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MikeExecutive Director’s Column: R-PACE and FHA

PACE Guidance from HUD/FHA is an Important Step Forward

PACENation applauds and strongly supports guidance for residential PACE issued today by the U.S. Department of Housing and Urban Development (HUD). The guidance clearly shows the Obama Administration’s strong commitment to Property Assessed Clean Energy financing, a bipartisan initiative adopted by 18 states thus far that encourages home owners to make energy efficiency and renewable energy upgrades to their properties. To date, over 100,000 households have made their homes more valuable, healthier and comfortable using PACE. The nearly $2.25 billion spent has created 22,000 jobs, many of them in the communities that offer PACE, and will save the equivalent of 12.5 billion kWh’s over the life of the measures.

The guidance issued today by HUD’s Federal Housing Administration (FHA) sets standards that will allow qualifying homes with PACE assessments to be purchased or refinanced with mortgage products provided by FHA.

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MikePACE Guidance from HUD/FHA is an Important Step Forward