New launches in San Francisco, Sacramento, and South Florida join Sonoma County
Momentum is building across the US (and overseas, but more on that later) for PACE programs that drive energy efficiency, renewable energy, and in some cases, water conservation measures. PACE Commercial programs are launching across the US. Existing PACE programs in California (Sonoma County, Palm Desert, and Placer County), and the pioneer program in Boulder County, Colorado, have made a total of 71 PACE commercial financings, proving that PACE can be an attractive source of capital to non-residential property owners. A study published earlier this year by Lawrence Berkeley National Lab, the Clinton Climate Initiative, and Renewable Funding summarizes the results of these early programs..
As programs finalize their policies and procedures, this site will post summary descriptions and links that will make it easier for other municipalities and consortiums interested in developing programs, drawing on the experience of those who have.
See the following links:
Basics
LBL RF CCI Policy Brief on PACE Commercial Programs 03-23-11
Johnson Controls Issue Brief on PACE Commercial – Unlocking the Building Retrofit Market
JCI Commercial Energy Efficiency Accounting – Mind the GAAP
JCI – Financing Models for EE in Existing Commercial Buildings
Commercial PACE in Detail – Dec 9, 2010 US DOE Financing Guide
CCI and BOMA EE Building Retrofit Toolkit
Commercial PACE Issues Memo (RF) 11.21.11
PACENow Memo on Lender Consent or Notification 11-29-11
Ygrene on Banking Issues and PACE
Programs
San Francisco
SF Commercial Program Update – Vote Solar Webinar 4-2011
News
Fresno, CA Adopts PACE Commercial (12-16-10)
Michigan Passes Commercial PACE Legislation 12-14-10
Market Data / Size Estimates
Commercial Market Size Estimate 5-14-2009
Commercial/Residential Real Estate Default History
Case Studies
Johnson Controls Commercial Project Case Studies
Empire State Building Retrofit Video
Empire State Building White Paper June 2009
Empire State Building Overview 2009
America’s First Major PACE Commercial Project: Santa Rosa Plaza Mall Installs “Cool Roof”
Legal / Financial
Commercial Mortgages: Legal Consent Issues & Solutions (5-2009)
[...] Property Assisted Clean Energy (“PACE”) financing – PACE is program by which a local municipality can imposed a special assessment on property located within its jurisdictions to help provide low-cost financing for improvements related to on-site energy production and efficiency. Jefferson City, Missouri is currently the only Missouri city with a PACE program in place but Kansas City, St. Louis, and other cities are seriously considering such programs for commercial properties. [...]
[...] colleague Erica Zweifel and I (along with a St Olaf student who’s been helping with local commercial PACE program development – more about this below) went up to the St. Paul (Falcon Heights, [...]