Tag Archives: Ygrene

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.

Continue reading Morningstar Approves Of PACE

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.

Continue reading The United States’ New PACE Guidelines

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.

Continue reading PACE Programs Heat Up San Diego’s Economy

Ygrene’s $250 Million PACE Virtual Facility

By Roy L Hales

Screen-shot-2014-03-18-at-3.43.47-PM1Two months ago, CEO Stacey Lawson announced her company’s plan to expand into six U.S. states. This was followed up by the news, a few days ago, of Ygrene’s $250 million virtual PACE facility for expansion.

Continue reading Ygrene’s $250 Million PACE Virtual Facility

Florida PACE Project Was Essentially Free

By Roy L Hales

Screen-shot-2014-03-18-at-3.43.47-PMThere are good reasons for the Property Assessed Clean Energy (PACE) to catch on. Homeowners take out PACE loans at a low rate of interest, with no money down, and pay them back through their property taxes. This already sounds good but, in terms of monthly cash flow,  a Florida Pace project was essentially free.

Continue reading Florida PACE Project Was Essentially Free

Ygrene Expects To Quadruple Its’ Business

By Roy L Hales

Screen-shot-2014-03-18-at-3.43.47-PMYgrene operates one of America’s largest property assessed clean energy (PACE) financing programs and it is about to get much bigger. They just raised $30 million in operating capital to finance their expansion into six states. According to President and CEO Stacey Lawson, Ygrene expects to quadruple its’ business.

Continue reading Ygrene Expects To Quadruple Its’ Business

Californians Waste A Lot Of Water

By Roy L Hales

Screen-shot-2014-03-18-at-3.43.47-PMWater is a finite resource. According to Stephanie Feldstein of the Center of Biological Diversity, “Every time you turn on the tap, that water is coming from rivers, lakes and streams that wildlife depend on.” With Levi Strauss & Co’s help, the Center created the “Don’t Be a Drip” to identify some of the most wasteful activities and counties in the United States. Despite a four year long drought, they discovered Californians waste a lot of water.

Continue reading Californians Waste A Lot Of Water

Two Residential PACE programs Dominate California Headlines

By Roy L Hales

Screen-shot-2014-03-18-at-3.43.47-PM1It has been nine months since California approved a $10 million reserve fund, to reimburse mortgage holders if homeowners with Property Assessed Clean Energy (PACE) default. (The residential program has been moving in slow motion since 2010, when, concerned about the priority PACE loans had over mortgages, the Federal Housing Finance Agency ordered the government-sponsored enterprises to not underwrite mortgages for homes with PACE loans.) In September, Governor Jerry Brown signed AB 2597 and AB 1883 into law. For “California First,” these actions  opened the door for their residential program to return to California. It was probably less of a breakthrough for the HERO PACE program which was already either adopted, or in the process of being adopted, by 100 cities as of February. Never-the-less, California legislation furthered PACE’s expansion through-out the state. There are at least four active programs and rumour has it that a fifth may soon be launching, yet two PACE programs dominate California headlines.     

Continue reading Two Residential PACE programs Dominate California Headlines