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PACE enabling legislation introduced in states

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 City of Ann Arbor approves PACE bond issuance

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

PACE Industry Updates

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

In Ohio, 50 Completed Energy Efficiency Projects

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.

Commercial PACE Securitization in 2013

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

Ygrene launches PACE program in Sacramento

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

Commercial PACE Program Launched in Connecticut

The Clean Energy Finance and Investment Authority launched the Commercial and Industrial Property Assessed Clean Energy Program (C-PACE) late last week. The program is designed to provide commercial and industrial building owners with low-cost, long-term, upfront financing for adding renewable energy projects to their buildings.