A San Diego approved financing entity aimed at helping commercial property owners install energy-saving up-grades is close to issuing new bonds to fund a slew of projects this year. Mahesh Shah, chief executive of Figtree Energy Resource Co., said the company is close to issuing
Southbury has opted into a state-wide program called Commercial and Industrial Property Assessed Clean Energy (C-PACE), which allows commercial, industrial and multi-family property owners to access upfront funding for all energy improvement costs and to repay that investment through a benefit assessment charge on their
On February 27, 2013, the Federal Housing Finance Agency filed a motion to extend the deadline for issuance of its final rule until September 16, 2013. To learn more about the FHFA’s rulemaking process, click here. To learn more about residential PACE, click here.
PACE Bills Introduced Spring 2013: This spring 4 more states have introduced PACE enabling bills. Arizona: HB 2584 Arkansas: Senate Bill Texas: S.B.385 Utah: S.B 221 To send a letter and voice your support for PACE-enabling legislation in Utah, please, click here.
The Ann Arbor city council has approved the issuance of bonds that will assist owners of commercial property in making improvements designed to help save energy under the city’s property assessed clean energy (PACE) program. The vote was taken at the council’s Feb. 19. Read
Ann Arbor’s PACE Program Location: Ann Arbor, MI The Ann Arbor PACE program has pooled together 8 local energy efficiency projects totaling approximately $900,000. The next steps in the PACE bond process are for City Council to vote on a resolution to allow the City
TOLEDO, Ohio, Feb. 15, 2013 – The Toledo-Lucas County Port Authority’s BetterBuildings Northwest Ohio program has surpassed its milestone of over 50 completed energy efficiency projects since its inception in June 2010. Energy efficiency project sizes range from $25,000 to over $5 million in costs.
Kroll Bond Rating Agency discussed the possibility of commercial PACE securitization in 2013. According to the Agency, PACE is one of the first renewable energy-backed asset types with a high potential to be securitized. Read full article to learn more about KBRA’s approach to reviewing
ORLANDO, Fla. – Feb 05, 2013 – Florida PACE (Property Assessed Clean Energy) Funding Agency has announced that it has secured up to $500 million in funding through Samas Capital, LLC (Samas) to provide business and residential property owners with financing for energy-related and wind-hardening
NYT: Sacramento has announced a new program to help finance energy-saving upgrades for buildings like adding insulation, replacing old windows, installing high-efficiency heating and cooling systems or adding rooftop solar panels. Owners of homes or commercial buildings will incur no upfront costs for taking part