PACE funds energy upgrades to buildings that create jobs, make properties more valuable, and help states achieve policy goals. It’s 100% voluntary and it’s being adopted in every region of our nation.

PACE Updates

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

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Resources & Downloads

PACENation’s Consumer Protection Policies

PACENation’s consumer protection policies (CPP Version 2) represent the strongest protections and disclosures for homeowners investing in energy efficiency or renewable energy.

Study: PACE Makes Homes More Valuable

In the first economic study of homes with PACE upgrades, three different methodologies and three home price indices were examined and all turned up the same results; PACE is good for the resale value of homes, even after taking into account the financing costs. Published in the Journal of Structured Finance January 2016.

Whitepaper: Benefits of PACE for Commercial Real Estate Companies

For commercial real estate property owners, PACE financing can remove the typical barriers to the implementation of energy efficiency improvements. In this whitepaper, George Caraghiaur explains how to take advantage of the many benefits PACE provides to commercial real estate companies.

Q3 2016 C-PACE Market Update

In the third quarter of 2016, the commercial PACE market continued to grow as PACE programs provided financing for 104 commercial projects that amounted to $44.6 million in total funding.

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