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Sierra Club’s ED in Support of PACE

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 left to help them see the light. This craziness started two years ago, when the FHFA cut the legs out from under a terrific idea for helping homeowners save on their energy bills — property assessed clean energy (PACE) programs. PACE programs make it possible for people to borrow money at low interest rates to fund projects like a home energy-efficiency retrofit or rooftop solar installation and then repay the loan via an annual assessment on their property tax bill, usually over a period of 20 years. Read full article.