PACE Market Data

Q3 2016 C-PACE Market Update

In the third quarter of 2016, the commercial PACE market continued to grow as PACE programs provided $44.6M in financing for energy improvements to commercial buildings. Download the C-PACE Market Update to learn more.  (View past quarterly C-PACE market updates.)

Commercial PACE

C-PACE Overview

$335

Millions

988

Commercial projects


4,000

Jobs created

Cumulative C-PACE Financing

2010-2016

C-PACE improvement type breakdown

(By $ funded)


Energy Efficiency (51%)

Renewable energy (36%)

Mixed (14%)

C-PACE projects by amount financed

(By  # projects)


 

C-PACE dollars funded in each state (states > $10MM)

(By  $ funded)


wdt_IDState$ funded (millions)
1 California 132
2 Connecticut 86
3 Ohio 24
4 Florida 20
5 Minnesota 21
7 Wisconsin 15


C-PACE dollars funded by building type

(By  $ funded)


 


Residential PACE

R-PACE Overview

$3,400

Millions

132,000

Home upgrades


29,000

Jobs created

Cumulative R-PACE Financing

2010-2016

R-PACE improvement type breakdown

(By $ funded)


Energy Efficiency (58%)

Renewable energy (37%)

Water (4%)

CAEATFA $ Enrolled by R-PACE Program (CA-only)

(Showing current outstanding portfolio enrolled in CAEATFA’s Loan Loss Reserve. Source.)


 

Cumulative R-PACE dollars securitized*

(By  $ funded)


*Ygrene’s securitization included a portion of commercial projects as well as residential projects.

PACE Legislative Progress

Commercial programs are active in 16 states: AR, CA, CO, CT, FL, KY, MD, MI, MN, MO, NY, OH, RI, TX, UT, WI, and DC. Residential PACE is offered in CA, FL, and MO.

Commercial PACE is available in major population centers including Los Angeles, San Francisco, Austin, St. Louis, Washington D.C., and Cincinnati. States with PACE-enabling legislation now encompass over 80% of the U.S. population.

  • States with PACE-enabling legislation: 32 plus D.C.*
  • States with active PACE programs: 19
  • Municipalities with PACE programs: 2,500+

*Including subordinate-lien states.

MikePACE market data