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Commercial PACE Booms Beyond California

From GTM media:

After being eclipsed by residential property-assessed clean energy financing in 2014, commercial PACE projects lined up considerable funding in 2015, and not just in California.


The Connecticut Green Bank just announced that Hannon Armstrong will provide up to $100 million for commercial PACE projects through the Green Bank’s C-PACE program.


PACE programs allow investments in water- and energy-efficiency retrofits and distributed renewable generation to be paid back through property taxes, which lowers the risk for both lenders and owners and can potentially open up a far larger swath of the energy-efficiency market.

Read the full article.