News & Blog

  • 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 or insulated windows. While every mortgage product may not be compatible with PACE, there are numerous options that are, and homeowners are encouraged to research the best solution for their needs.  With increased popularity and a little due diligence by buyers, sellers and Realtors, buying and selling a home with solar or other energy upgrades will become more and more common in our future.

    Below are excerpts from the original NAR post.

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    MikeNAR Says Benefit of Solar Panels Outweighs Extra Financing Steps
  • 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 (R-AR), Rubio (R-FL), and Boozman (R-AR) have introduced a bill in the U.S. Senate that would kill one of America’s most successful forms of financing for clean energy and energy efficiency: Property Assessed Clean Energy (PACE). The bill, known as the PACE Act of 2017, would define PACE as a mortgage loan by making it subject to the Truth in Lending Act (TILA) rules that regulate mortgage lenders. The imposition of TILA regulations on PACE would:

    • Require local governments to alter the way they collect property taxes and assessments,
    • Require local governments and contractors to become licensed as mortgage brokers,
    • Impose what could be lengthy delays in funding projects.
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    MikeCouncil of Development Finance Agencies (CDFA) Shows Support for PACE
  • 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 rhetoric and focus on common sense and basic facts. The PACE industry has long been committed to putting the homeowner’s best interests first and is supportive of additional strong consumer protections at the federal level to safeguard homeowners making energy-efficiency, renewable energy, water conservation, or hurricane protection improvements to their homes. But these protections must not dismantle the innovative model at the heart of PACE financing.

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    MikeStatement by PACENation Executive Director David Gabrielson on Anti-PACE Legislation Being Introduced in Congress
  • Connecticut Green Bank Staff Appointed to PACENation Board of Directors, Leadership Council

    EVP/CIO Bert Hunter named to PACENation board; VP Mackey Dykes to serve on Leadership Council

    Rocky Hill, CT (March 27, 2017) – The Connecticut Green Bank is proud to announce that Executive Vice President and Chief Investment Officer Bert Hunter has been named to the PACENation Board of Directors. Additionally, Vice President Commercial and Industrial Programs Mackey Dykes has been appointed to serve on the PACENation Leadership Council, an advisory committee for the organization.

    PACENation is a movement of people and organizations united in their support for Property Assessed Clean Energy (PACE) financing. PACENation works towards a future in which PACE financing is used to fund energy efficiency, renewable energy, and resiliency upgrades to homes and commercial buildings in every municipality across the United States. Currently, PACE programs are operating in 19 states, including Connecticut, which has a thriving Commercial PACE (C-PACE) program.

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    MikeConnecticut Green Bank Staff Appointed to PACENation Board of Directors, Leadership Council
  • 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 commercial and industrial property owners.

    Collectively, the projects will reduce annual CO2 emissions by 188.6 tons, which is equivalent to the CO2 emissions from over 452,000 miles driven by the average passenger vehicle.These first projects call for the installation of roof-mounted solar panels on two office buildings in Middletown. The properties are owned by the financial services firm, Embrace Home Loans. Combined, the projects will save the firm an estimated $226,000 in energy costs across the 20-year financing term. The total investment in the energy savings projects is $1.2 million.

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