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

CleanFund launches in Colorado, bringing a new source of direct capital for commercial clean energy projects across the state

Source: CleanFund.

SAN FRANCISCO, CA — CleanFund Commercial PACE Capital, Inc. (www.CleanFund.com), the leading direct provider of commercial Property Assessed Clean Energy (“C-PACE”) financing, announced today that they have completed their first transaction in Colorado, opening up a new source of capital to finance energy efficiency, solar energy and many other building improvements throughout the state.

CleanFund provides capital to finance up to 100% of project’s cost using the C-PACE framework, which has been adopted in 33 states and the District of Columbia. This allows property owners to repay investments for qualified building upgrades and new construction as a line item on their regular property tax bills.

In Colorado, much of the demand for sustainable buildings comes from building owners and their tenants. Developers know that “green buildings” drive higher rents and economic growth; however, the traditional lending market has been unable to keep pace with these demands. CleanFund’s PACEDirect™ financing product now available in Colorado enables local owners and developers to have access to fixed rate, long-term, non-recourse capital that can transfer to the new owners when the building is sold.

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MikeCleanFund launches in Colorado, bringing a new source of direct capital for commercial clean energy projects across the state

PACE Funding Group, LLC. Announces a New Partnership with the Western Riverside Council of Governments (WRCOG) Expanding its Footprint into Fourteen Cities in Western Riverside County

Source: PACE Funding.

LOS GATOS, Calif.Aug. 15, 2017 /PRNewswire/ — On Monday, August 7, 2017, the Executive Committee of the Western Riverside Council of Governments (WRCOG) approved a partnership with PACE Funding Group, LLC., a leading provider of residential Property Assessed Clean Energy (PACE) financing in the State of California.  This partnership will offer more financing options and greater choice to the residents of western Riverside County as they consider their energy efficient home improvement needs.

With WRCOG as a partner, PACE Funding Group, LLC. will be able to offer financing to homeowners in 14 Riverside County Cities: BanningCalimesaCanyon LakeCorona, Eastvale, Hemet, Jurupa Valley, Lake ElsinoreMenifeeMurrietaNorcoPerrisTemecula and Wildomar, comprising more than 300,000 homes.

“PACE Funding’s entry into western Riverside County means more competition for our residents’ business, which results in better service and increased options for homeowners,” said Deborah Franklin, Chair of the WRCOG Executive Committee.  “We look forward to working with PACE Funding to help our homeowners finance their important, energy efficient home improvements and drive additional local economic activity.”

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MikePACE Funding Group, LLC. Announces a New Partnership with the Western Riverside Council of Governments (WRCOG) Expanding its Footprint into Fourteen Cities in Western Riverside County

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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.

2009-2016 C-PACE Market Overview

From 2009-2016, the commercial PACE market provided financing for 1020 commercial projects that amounted to $340 million in total funding.

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