San Diego councilmembers approved a financing mechanism Tuesday that will make it easier to be green. The mechanism, called Property Assessed Clean Energy (PACE) allows commercial property owners to borrow bond money that finances energy and water efficiency improvements on their property. The loan is repaid through
14 California counties and 126 cities Sept. 20 launched the first state-wide and the nation’s largest PACE (Property Assessed Clean Energy) program. Aimed at reducing energy and water consumption on commercial properties, the California Statewide Communities Development Authority’s (CSCDA) CaliforniaFIRST program enables commercial property owners
Suppose your company wishes to increase energy efficiency and reduce operating costs by retrofitting its existing properties. What if the retrofit costs could be paid without diverting funds from the company’s capital budget, impairing growth capital, reducing cash reserves or drawing on traditional credit sources?
On Monday night, the City Council approved an agreement with the Clean Energy Finance and Investment Authority (CEFIA) to create a Commercial Property Assessed Clean Energy program, also known as C-PACE, for businesses and industrial buildings in the city. Bridgeport is the first municipality in
The city would devote perhaps $10 million for financing PACE projects for the next five years. Participants would agree to pay for the upgrades as an addition to property taxes over 10 to 20 years. Placer and Sonoma counties and Palm Desert are among local
The Suleman Property Group in Melbourne is benefiting from innovative Environmental Upgrade Agreement (EUA) financing to make a tired 15-storey office block in the CBD 30 per cent more energy efficient. In 2010, the Victoria Government passed legislation enabling Melbourne City Council to be the
The Center for Law, Energy & the Environment at Berkeley Law prepared our own comments in response to the proposed rule. In our comments, we urge FHFA to follow the requirements of the Administrative Procedure Act (APA) in setting its rinal rule, and to carefully
ACWA submitted comments to the Federal Housing Finance Agency urging adoption of a rule that would allow residential property assessed clean energy programs to continue. Read full story.
Energy experts have long been touting residential solar PV installations and home energy efficiency renovations among the most straightforward, cost-effective ways of cutting home energy costs, boosting energy conservation, reducing residential carbon and greenhouse gas (GHG) emissions, and stimulating local economies and job creation. Read
What’s the purpose of our government? No matter who you ask, I doubt that stifling innovative solutions would be part of their answer. Yet that’s exactly what the Federal Housing Finance Agency (FHFA) seems determined to do. And we have only a couple of days