News & Blog

  • New resource: Model Legislative Clauses Checklist

    Over the years, PACENation has consistently received questions and requests for help as to how states can best write and implement PACE-enabling legislation. Through this experience, we have recognized the need to provide additional resources that help guide the legislative process. We have come to the conclusion that a template legislation would be ineffective for entities seeking this help for a few reasons. Primarily, state’s constitutions vary considerably in the way that their legislation is crafted, and ultimately template legislation would be unproductive.

    We are introducing a more constructive resource that can be used for states in development looking for guidance on how to best draft successful legislation. This new model clauses checklist outlines PACENation’s recommendations for crafting legislation, and for each recommendation provides text examples of how other states have approached and written legislation and how they have successfully put those ideas into language concisely.

    PACENation is eager to provide resources that assist in building the PACE marketplace and we encourage all market participants to contact us with questions or requests you may have. PACENation works with states, municipalities, and the private sector to guide the development of legislation at every stage. While we are not lawyers, we have the resources to facilitate connections and give contacts that help support your needs.

     

    Download the Model Clauses Checklist

    View all legislative resources

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    StephanieNew resource: Model Legislative Clauses Checklist
  • Introducing PACENation’s New Membership Program and Expanded Member Benefits

    PACENation PACE Financing

     

    PACENation has always worked to make PACE available in every community and for every commercial building and home. Our mission is to be the impartial advocate for PACE financing, and to accelerate this rapidly growing market by offering guidance, market research, and networking opportunities to the ever-expanding list of organizations and people that have made PACE their focus. PACENation is at the center of a PACE marketplace that is moving us toward a clean energy economy that’s creating jobs, saving money, and building business opportunities for everyone.

    We’d like to thank the hundreds of organizations from the public and private sectors that have come forward to support PACENation throughout the years —  you have enabled us to pursue our mission to support all stakeholders in this market. See what some of our members have to say in the video below:

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    MikeIntroducing PACENation’s New Membership Program and Expanded Member Benefits
  • CleanFund closes 144A securitization backed by $115M of C-PACE assessments on 82 properties

    CleanFund Commercial PACE Capital announced the closing of a securitization backed by $115M of C-PACE assessments on 82 properties in six states. A $103M, AAA-rated  note was issued in connection with the transaction. This transaction represents the largest C-PACE securitization yet, followed by an earlier $75M securitization closed by Greenworks Lending in the third quarter of 2017.

    Read more in the press release below, or click here to read the release on PRWeb:

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    MikeCleanFund closes 144A securitization backed by $115M of C-PACE assessments on 82 properties
  • PACE Financing Cited as Strategy to Meet New York’s Ambitious Energy Efficiency Target

    Broad coalition applauds recommendations for statewide Property Assessed Clean Energy (PACE) financing programs for homes and commercial buildings to meet Gov. Cuomo’s energy-climate goals

    PLEASANTVILLE, N.Y., April 27 – Today, New York State announced its support for residential Property Assessed Clean Energy (PACE), recommendations to strengthen the State’s existing Energy Improvement Corporation (EIC) administered commercial PACE program, and support for a new, New York City Energy Efficiency Corporation (NYCEEC) administered C-PACE program. A broad coalition of energy and environmental groups and businesses today applauded the New York State Research and Development Authority (NYSERDA) and the New York Department of Public Service (DPS) for their support of these key policy tools that will help to meet New York Gov. Andrew Cuomo’s ambitious energy efficiency target for the state. In less than a decade, PACE, a free-market financing tool facilitated by a unique public-private partnership, has become one of the most successful drivers of energy-efficiency and renewable-energy improvements to homes and other buildings in U.S. history.

    In a new white paper titled “New Efficiency: New York,” NYSERDA and DPS recommended that the state “promote statewide availability of Residential PACE financing with appropriate necessary consumer protections and regulation of PACE administrators in New York.” The white paper notes that “NYSERDA and EIC recently worked with the legislature to amend New York’s PACE enabling legislation to make the State’s C-PACE market more accessible to property owners, third-party capital providers, and clean energy developers, which should help the C-PACE market achieve scale more quickly.”

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    MikePACE Financing Cited as Strategy to Meet New York’s Ambitious Energy Efficiency Target
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