In Michigan, the developer for a historic inn renovation project received a PACE loan for energy and water efficiency improvements that local officials say will ultimately save about $2 million.
California Governor Jerry Brown recently signed two bills into law that aim to establish a consumer protection, underwriting, and regulatory framework for Property Assessed Clean Energy (PACE) loans. The signing comes after a year of discussions and negotiations among low-income consumer advocates, environmental and clean-energy groups, the banking industry, and ... Read more »
Energy storage provider Adara Power and the Electric & Gas Industries Association (EGIA) have partnered to offer five financing options. Two of the options are aimed solely at residential customers, according to the press release. Two are aimed at commercial customers. No residential or commercial designation is made on the ... Read more »
Property Assessed Clean Energy financing will be okay in Federal Housing Authority-insured mortgages
Proud Green Building today posted a piece on the success of climate and energy policies in commercial and residential buildings in the United States. The post cites estimates from Dr. Margaret Walls, a Senior Fellow at Resources for the Future, who found that 15 cities in the United States have ... Read more »
Milwaukee is allowing commercial building owners to fund energy efficiency improvements through a commercial Property Assessed Clean Energy (PACE) program. Milwaukee’s Economic Development Corporation is working with California-based Clean Fund to finance the energy efficiency projects for commercial buildings via PACE. Read more at Energy Manager Today.
A fight brewing between utilities and third-party solar companies may become a key driver – or restraint – of on-site commercial solar arrays. At issue is whether solar panel marketers can enter into power purchase agreements with the panels’ host companies, selling the renewable energy to the hosts and bypassing ... Read more »
Fourteen counties and 126 cities in California have launched CaliforniaFIRST, the nation’s largest finance program for green building upgrades that uses the Property Assessed Clean Energy financing model in an effort to help commercial property owners reduce their energy and water use. The CaliforniaFIRST PACE program allows commercial property owners ... Read more »