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. Continue reading Two Bills Providing Increased Protection For PACE Customers→
There have been some pretty strange “goings on” in Washington since the Republicans took over. Confronted with facts they didn’t like, the new administration came up with the concept of “alternate facts” that are more in line with the way they want people to think. This has gone beyond the White House. With the new Protecting Americans from Credit Exploitation (PACE) Act, three Republican senators apply alternate facts to PACE financing.
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.
The 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.
The 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.