The severe human and economic toll of Covid-19 has injected high levels of uncertainty into the economy. Despite reduced overall levels of investment in Q1 and Q2 2020, interest in Commercial Property Assessed Clean Energy financing, or C-
, has risen in some markets across the country. Commercial PACE is a financing tool that enables low-cost, long-term funding for energy efficiency, renewables and water conservation projects for commercial buildings. Commercial PACE is newer than its older sibling, Residential PACE (R-PACE). Similar to those R-PACE, C-PACE loans are attached to the property as an “additional assessment” to be paid along with property...
The story of a small property owner and a repaired boiler hints at the potential multipliers in C-
, a program that lets owners use energy savings to repay loans for upgrades. Keys to the program include training and coaching, which make the savings easier to achieve and quicker to see. Can programs like this provide cues to states revving out of the shutdown?
Michigan can unlock energy-saving upgrades for homeowners by passing residential property assessed clean energy legislation. The legislation should guarantee energy savings and protect consumers by including a method for determining eligible energy-saving measures; restrictions to R-
financing amounts and underwriting criteria; and robust consumer protection provisions.
Alaska is strongly affected by climate change volatility – and extensively engaged in fossil fuel extraction. And now it’s considering becoming one of the first states in the nation to have a green bank.
With so much happening at a state level in solar power and energy efficiency, it is difficult to keep up with the variety of approaches and perspectives. So the Yale Center for Business and the Environment is here to help by launching “States of Clean Energy Innovation,” an online news hub with customized clean energy data and stories about the United States and Puerto Rico. Each state is different. Each state has thoughtful leaders working on our transition to clean energy. And each state deserves its own dashboard.