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

PACENation Sets New Standards for Consumer Protections

Updated Consumer Protection Policies, released at PACENation Summit, form basis for enforceable state and local legislation

DENVER, Feb. 16 – PACENation, the national, non-profit advocacy organization for Property Assessed Clean Energy (PACE) financing, today announced an important update to its 2016 residential PACE Consumer Protection Policies. The enhanced standards include customer supports and safeguards that go well beyond those found in any other form of home-improvement financing and are designed to facilitate the successful expansion of PACE to new states and local communities.

Homeowners use PACE to make qualified energy and efficiency upgrades to their properties and pay for them over time with a new line item on their property taxes. To date, PACE has empowered more than 130,000 homeowners to invest over $3.4 billion in projects that make their homes more comfortable and less expensive to heat, light and cool. It is estimated that PACE projects will help lower residential utility bills by billions of dollars. Local government sponsors of PACE point to the energy and environmental goals PACE helps achieve, the more than 20-thousand jobs that PACE has created or supports in their communities, and that it has little or no impact on their public budgets.

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MikePACENation Sets New Standards for Consumer Protections

WSJ Article Presents a Skewed View, Ignores the Positive Story of PACE

Many of you no doubt saw the January 10th Journal article, “America’s Fastest-Growing Loan Category has Eerie Echoes of Subprime Crisis.” We hope you share our disappointment that the article was so unfair to PACE. It might have emphasized that to date, over 130,000 homeowners report high satisfaction using it to finance often-necessary energy-related investments in their homes. Instead of leaving the reader with the impression that PACE is a new and dangerous form of finance, it might have noted that for decades, local governments have relied on the same property tax line-item mechanism to fund improvements that benefit property owners and meet a public purpose. It could have emphasized that PACE providers are committed to serving that public purpose, and as such, take seriously their responsibility to protect consumers.

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MikeWSJ Article Presents a Skewed View, Ignores the Positive Story of 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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