Property-assessed clean energy, or PACE, financing has had a rough ride over the past few years, but it’s poised for a comeback. On the home front, we’ve got federal regulators considering ways to unblock a financing model that could spur billions of dollars in residential energy retrofits. And on the commercial side, we’ve got some showcase projects that could unlock a market even bigger in scope.
That’s not bad, considering the death many analysts were predicting for the PACE model in 2010. That’s when the Federal Housing Finance Agency told mortgage giants Fannie Mae and Freddie Mac that they couldn’t underwrite mortgages for homes that sought to pay back home energy efficiency upgrades, solar panels and other projects through property taxes.
via PACE Financing on the Rebound : Greentech Media.
Categories: Electricity, Energy, Finance