Category Archives: PACE

Michigan’s 6th Commercial PACE Project

The ECOreport looks at Michigan’s 6th Commercial PACE Project & the company funding it.

By Roy L Hales

Michigan passed the legislation for a Commercial PACE (Property Assessed Clean Energy) program in 2010. Businesses and commercial properties in participating municipalties can retrofit their buildings with renewable energy and energy efficient systems by borrowing money from a private lender and repay the loan via a special assessment on their local property tax. It has taken longer for municipalities to opt in and consequently, the state’s PACE programs didn’t really get started until 2016. According to Tommy Deavenport, Chief Operating Officer of Petros PACE Finance, Michigan’s 6th commercial PACE project has now been funded.

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The United States’ New PACE Guidelines

The ECOreport looks at what two of the principal companies think of the new United States’ 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

The ECOreport looks at the continued growth 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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PACE Financing Beats the Street

Second in our Series about Innovators Driving Energy Independence: PACE Financing Beats The Street With Explosive Growth In Clean Energy Financing

“PACE in general is solving a marketplace failure in the residential sector in terms of energy efficiency, renewable energy and water conservation” – Ellen Qualls 
 Vice President of Communications and Public Affairs
 Renovate America 


Access parts one and three

By Terri Steele

Screen-shot-2014-03-18-at-3.43.47-PM1At a time when investors are skittish over market volatility, they couldn’t be more bullish on the economic potential of renewables, in particular a form of clean energy financing known as PACE.

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Figtree Stands Tall With Series Of Commercial PACE Firsts

Third in our Series about Innovators Driving Energy Independence: Figtree Stands Tall with Series of Commercial PACE Firsts

“This is a merger of complementary products and talents that gives us 
 remarkable marketplace traction while providing a more complete solution set to 
 businesses and consumers.” – Mahesh Shah,
 CEO
 Figtree Financing

Access parts one and two

By Terri Steele

Screen-shot-2014-03-18-at-3.43.47-PM1State and local governments embrace PACE because of its ability to create jobs, promote economic development, meet sustainability standards and improve local building stock using no public monies. According to PACENation, 32 US states and the District of Columbia have enabled PACE financing in their respective jurisdictions.

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No surprises in HUD’s PACE Guidance

The ECOreport looks at the US Government’s updated guidelines for adopting the Property-Assessed Clean Energy (PACE) program and finds 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

The ECOreport looks at a report that 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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Ygrene’s $250 Million PACE Virtual Facility

The ECOreport looks at how Ygrene’s $250 Million Virtual PACE Facility will enable expansion into new states

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.

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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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PACE Project In Florida 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 PACE project in Florida  was essentially “free”.

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