Topic: PACE

PACE Articles

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The Struggle to Expand Clean Energy in 2016

As the solar industry grows and energy efficiency works to do the same, 2016 brought a significant expansion of breaking news for us to cover and curate. The articles below are our top stories showing the many new and surprising developments we saw last year.

United States Enables Residential PACE

Removing federal obstacles to property assessed clean energy (PACE) has been a long-term subject of debate. United States Department of Housing and Urban Development issued a guideline on July 19 enabling residential PACE financing and clarifying the conditions for purchasing or refinancing assessments with Federal Housing Administration loans.

Connecticut’s C-PACE Program Is Picking up Speed

Clean energy finance in Connecticut just got a major boost. On Dec. 17, Hannon Armstrong agreed to provide up to $100 million in funding for the Connecticut Green Bank’s C-PACE (Commercial Property-Assessed Clean Energy) program. The deal represents a major milestone for an initiative that has already funneled upwards of $70 million toward renewable energy and energy efficiency.

The Mechanics of Measuring Success in Energy Efficiency Financing

Growing momentum for energy efficiency financing in the United States has motivated State and Local Energy Efficiency Action Network to conduct around 20 interviews with stakeholders in five states to explore what it takes to make utility-sponsored programs succeed. The research team produced a report that outlines the pitfalls and promises of a wide range of evaluation techniques.

Has Renovate America Figured out How to Expand Residential PACE?

In November, Renovate America, the San Diego-based Property-Assessed Clean Energy (PACE) program administrator, passed a major milestone—funding over $1 billion in residential installations. As of that month, the program was available to over 80 percent of California households and had completed over 50,000 projects. The company now plans to scale up nationally. According to PACENation, an advocacy organization, Renovate America’s proprietary HERO program is the most widely adopted residential PACE program in the United States, accounting for 95 percent of the established market.

Will California’s Successor Tariff Discourage New Residential Solar?

Solar installers, residential customers, utilities, and a host of other stakeholders in the residential solar market are waiting for the California Public Utilities Commission’s (CPUC) Net Energy Metering successor tariff (NEM 2.0), due by the end of 2015. The issue at hand is whether or not, and to what extent, those without solar are subsidizing those with solar by paying for grid upkeep and modernization. Because utilities fall on one side of the spectrum and nearly everyone else falls on the other, there is no love lost between stakeholders in the industry.

Minnesota’s New Clean-Energy Policy: Two Years Later

How has Minnesota’s Omnibus Energy Bill, HF 2834, changed the climate for clean energy in the state since its signature on May 24, 2013? Heralded as a bold action to make Minnesota a national leader in clean energy, the multifaceted bill established a solar carve-out in addition to the state’s existing renewable portfolio standard. It also created a community solar program and reformed Property-Assessed Clean Energy (PACE) policies. However, perhaps the most significant change was the new law’s use of the Value of Solar model that replaced net metering.

A Hands-On Workshop on Energy Efficiency Financing Program Design

What does an effective energy efficiency financing program look like? On May 31 in San Francisco, American Council for an Energy-Efficient Economy (ACEEE) convened 23 representatives from across the country in a workshop led by Cadmus Group. They explored current challenges facing program designers.