News & Blog

  • 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 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.

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    MikePACENation Sets New Standards for Consumer Protections
  • 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 in their homes. Instead of leaving the reader with the impression that PACE is a new and dangerous form of finance, it might have noted that for decades, local governments have relied on the same property tax line-item mechanism to fund improvements that benefit property owners and meet a public purpose. It could have emphasized that PACE providers are committed to serving that public purpose, and as such, take seriously their responsibility to protect consumers.

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    MikeWSJ Article Presents a Skewed View, Ignores the Positive Story of PACE
  • Property Assessed Clean Energy Begins 2017 With New Standards in Place

    Source: Renovate America

    As key California disclosure law takes effect and U.S. Department of Energy best practices become industry norm, leading residential PACE provider launches new contractor management system

    PACE_Begins_2017_With_New_Standards_in_PlaceSAN DIEGO, Jan. 10 – Residential Property Assessed Clean Energy (PACE) financing – a California home-improvement innovation that has become one of the fastest-growing forms of financing in America – is starting 2017 with robust consumer protections as the industry norm, including some which go well beyond any other form of consumer financing and actually will raise the bar for how homeowners experience home improvement.

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    MikeProperty Assessed Clean Energy Begins 2017 With New Standards in Place
  • PACE Creates Jobs and Energizes Local Economies: Here’s Why

    homes-sanfran

    Register for the PACENation Summit 2017 in Denver, CO: February 13-15

    When an energy services contractor sits down with a family at their dinner table to discuss the details of an efficient HVAC upgrade, solar installation, cool roof, or other energy upgrades, one question always comes up: “How will I pay for it?”

    PACE financing is, increasingly, the answer to that question. PACE offers a more affordable and accessible way to finance energy efficiency, water efficiency, and renewable energy improvements to homes and commercial buildings. PACE programs have already funded over $3 billion in energy upgrades across the nation, and this increased investment has created stable work for local contractors —

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    MikePACE Creates Jobs and Energizes Local Economies: Here’s Why
  • K2 Clean Energy Capital Develops a $2.4M PACE Financed Solar Energy and Energy Efficiency Solution for The River at Rancho Mirage

    Source: K2 Clean Energy Capital.

    December 22, 2016

    Rancho Mirage, CA: K2 Clean Energy Capital, LLC has developed and executed the PACE financing for the construction of a $2.4M project including a solar PV carport system and installation of energy efficiency upgrades at The River at Rancho Mirage. The River, which was acquired by the CheerLand Investment Group in June 2014, is the premier shopping, dining, and entertainment destination in the Coachella Valley. The River features Century Theatres; leading restaurants including Fleming’s Steakhouse, The Yard House, PF Chang’s, and the Cheesecake Factory; and many high-end retail establishments.

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    MikeK2 Clean Energy Capital Develops a $2.4M PACE Financed Solar Energy and Energy Efficiency Solution for The River at Rancho Mirage
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