Tag Archives: Hero PACE

Two Bills Providing Increased Protection For PACE Customers

By Roy L Hales

Close to 150,000 Californian homeowners have made energy and efficiency improvements through Property Assessed Clean Energy (PACE) financing. For the most part they are success stories, but there are isolated reports of problems with “independent solar, plumbing and roofing contractors who pitch the loans and sign up consumers through online software.” The California state legislature responded with two bills providing increased protection for PACE customers. 
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Morningstar Approves Of PACE

By Roy L Hales

As the Wallstreet Journal once put it, “Morningstar stands alone” in their field. The Chicago based research firm has provided the leading qualitative and quantitative analysis of more than 540,000 investment stocks, mutual funds, and similar vehicles. Thus their opinion of the Property Assessed Clean Energy (PACE) program is weighty and their new report makes it obvious that Morningstar approves of PACE.

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The United States’ New PACE Guidelines

By Roy L Hales

screen-shot-2014-03-18-at-3-43-47-pm1The United States largest Property Assessed Clean Energy (PACE) providers do not anticipate any complications. Both Renovate America and Ygrene believe they are already inline with most of what the government is suggesting. After months of review, the Department of Energy (DOE) released the United States’ PACE Guidelines.

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HERO Expanding Into Florida & Missouri

By Roy L Hales

screen-shot-2014-03-18-at-3-43-47-pmLast July, Leon County (home to Tallahassee) became the first Florida municipality to adopt the HERO PACE Program. Several other Florida counties and cities followed suit. The latest was Orlando, whose city council approved the program yesterday. These are a few of the milestones, with HERO PACE expanding into Florida & Missouri.

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No surprises in HUD’s PACE Guidance

By Roy L Hales

Screen-shot-2014-03-18-at-3.43.47-PM1Seven years ago, the White House released policy guidelines that would allow homeowners to finance home energy improvements through their property taxes. The Property-Assessed Clean Energy (PACE) is a local government/corporate partnership, in which private companies supply 100% of the initial funding and are paid back over time. If this remarkably simple program were not classified as tax, it would have been adopted offered through-out America years ago. Taxes take priority over mortgages, should the homeowner default. So Fannie Mae and Freddy Mac urged local governments to put their PACE programs on hold. Yesterday, the US Department of Housing and Urban Development (HUD) announced the obvious solution. Aside from the length of time it took the government to adopt a painfully obvious solution, there are no surprises in HUD’s PACE guidance.

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PACE Programs Heat Up San Diego’s Economy

By Roy L Hales

Screen-shot-2014-03-18-at-3.43.47-PM1After two years of operation, any concerns that the public held appear to be a thing of the past. County Supervisors Dianne Jacob (at podium) and Dave Roberts (grey suit) recently held a press conference to describe how PACE programs heat up San Diego’s economy.

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HERO PACE Is Available In 85% Of California

By Roy L Hales

Screen-shot-2014-03-18-at-3.43.47-PMSacramento was one of the 16 cities and five counties that adopted the HERO Property Assessed Clean Energy (PACE) Program. HERO PACE is available in 85% of California.

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EPA Recognizes Renovate America As A Climate Leader

By Roy L Hales

Screen-shot-2014-03-18-at-3.43.47-PMThe Environmental Protection Agency recognized three local governments for their “Innovative Partnerships” with a PACE provider in their 2016 Climate Leadership Awards. Their partner runs the HERO PACE program, the EPA recognizes Renovate America as a Climate Leader.

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HERO PACE’s Fastest Growing Market Is LA

By Roy L Hales

Screen-shot-2014-03-18-at-3.43.47-PMEric Garcetti has long been an advocate of clean energy. During his many years as a city counsellor, he wrote Los Angeles’ green building ordinance.  As mayor, Garcetti promised to create 20,000 clean energy and clean water sector jobs during his first term (2013-2017). In April 2015, he launched the city’s new sustainability plan (the “pLAn”) to reduce city-wide greenhouse gas emissions by 45% by 2025, and become the first major US city to achieve zero-waste. Thus it is not surprising to find that LA is HERO PACE’s fastest growing market.

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HERO Is One Of California’s Better Stories

By Roy L Hales

Screen-shot-2014-03-18-at-3.43.47-PMSince it started up in 2011, The HERO Property Assessed Clean Energy (HERO PACE) Program completed more than 50,000 residential projects. That may not seem like much, in a state whose 39 million inhabitants are still hoping to see the end of the worst drought in their recorded history, but HERO is one of California’s better stories.

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