Recent Articles on PACE

Ygrene, Lockheed Martin, Barclays, Carbon War Room Announce Funding Plan

From the New York Times:  ”A business consortium that includes Lockheed Martin and Barclays bank plans to invest as much as $650 million over the next few years to slash the energy consumption of buildings in the Miami and Sacramento areas. It is the most ambitious effort yet to jump-start a national market for energy upgrades that many people believe could eventually be worth billions.”  NY Times story here….

My Desert on Palm Desert PACE Conference

Energy-conference-set-for-March…..When the Federal Housing Finance Agency issued a letter last July slapping strong restrictions on affordable financing programs for energy efficiency, such as Palm Desert’s, it was widely viewed as a death knell for the programs, which have spread from the Coachella Valley to 22 states across the nation.  But now, a city-sponsored conference, set for March 3-4 at UC Riverside’s Palm Desert campus, aims to rally national support for clean energy financing programs and map out new strategies for either circumventing or ending the federal stranglehold.

The Fiscal Times on PACE

Housing Crisis Stalls Energy Efficient Home Loans – Adam Aston reports on the FHFA roadblock to residential PACE programs…

Solar Industry Magazine on PACE

After the FHFA Fallout, What Happens Next with PACE Finance?

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Gov Arnold Schwarzenegger (R-CA)

“With PACE, we are providing homeowners and business owners with powerful tools to take control of their energy use and create jobs at the same time”

Mayor Michael Bloomberg (I-NYC)

“A New York City PACE program providing property owners with the upfront capital to make energy efficiency retrofits will create jobs and reduce energy costs for residents and businesses.”

Congresswoman Nan Hayworth (R-NY)

“PACE programs allow homeowners to make energy-saving modifications on their houses through a voluntary assessment on their property, at no cost to local taxpayers. Our bill facilitates participation by homeowners in states with PACE programs, which will promote conservation, energy savings and job creation.”

Congressman Dan Lungren (R-CA)

“My colleagues and I are fighting for a common sense program that would both increase the value of homes involved and help create jobs in our region. The time is now, more than ever to pass legislation that will accomplish this goal.”

Congressman Mike Thompson (D-CA)

“PACE promotes energy efficiency in ways that are good for our country, economy, and environment, saving property owners money by lowering energy costs and more importantly, creating jobs without taxes or government subsidies. Congresswoman Hayworth, Congressman Lungren, and I are committed to protecting PACE for the future.”

Mayor Jerry Sanders (R-San Diego)

“I am honored to be one of our nation’s first Mayors to support PACE. San Diego plans to derive strong long term advantages through PACE programs and we urge the rest of our nation, on a bipartisan basis, to join us.”