From coast to coast, money continues to roll in for property-assessed clean energy loan programs.
Florida’s PACE Funding Agency recently announced that $200 million is now available through its EVest Program for both residential and commercial projects.
PACE programs allow investments in 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.
In Florida, wind-resistance improvements are also eligible for the PACE program. As Greentech Media noted in January, south Florida is a growth market to keep an eye on for residential PACE this year. Nationwide, about two-thirds of projects to date have been for energy efficiency, according toPACENow.
The agency’s financial advisors Public Financial Management, First Southwest and Southeastern Investment Securities worked with CounterPointe Energy Solutions to secure the funding from a large institutional investor that was not named. Read more.