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PACE Financing

MCLI Recommendation: “Congress should extend consumer mortgage loan protections to PACE loans.”

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14 resources

Example States and State Governments

Maine C-PACE Legislation

This bill establishes commercial property assessed clean energy (C-PACE) programs to finance energy savings improvements related to energy efficiency, weatherization, or the installation of renewable ...
Resource Private Entities

Renew Financial

Renew Financial administers CaliforniaFIRST, which provides affordable financing for home upgrades to more than 27 million Californians. CaliforniaFIRST has funded millions of dollars worth of project...
Example States and State Governments

New Jersey C-Pace Legislation

A-2374 requires the New Jersey Economic Development Authority (NJEDA) to establish a Garden State Commercial Property Assessed Clean Energy (“C-PACE”) Program to facilitate the financing of C-PACE pro...
Example Local Governments

DC’s PACE program

DC’s PACE program is designed to function through the issuance of pooled bonds under the National Capital Energy Fund.
Example States and State Governments

Vermont PACE program

Vermont authorized PACE financing in 2009 with House Bill 446. There is currently no program operating.
Example States and State Governments

California PACE Loan Loss Reserve

California operates a loan loss reserve for PACE loans generated in-state. The PACE Loss Reserve Program’s goal is to increase availability of residential PACE financing by making first mortgage lende...
Example States and State Governments

Energize NY Finance Program

The Energy Improvement Corporation is a New York State not-for-profit, established specifically to increase the demand for energy efficiency and renewable energy building upgrades. With a growing memb...
Example States and State Governments

Tennessee SB 0795 (2021)

This April 2021 legislation authorizes local governments in Tennessee to establish and adopt commercial property assessed clean energy and storm resiliency (C-PACER) programs that ensure that free and...
Example States and State Governments

Montana C-PACE Legislation

This bill authorizes local governments to adopt commercial property-assessed capital enhancement (C-PACE) programs to promote energy conservation measures or renewable energy systems on the customer’s...
Resource Local Governments

DOE Best Practice Guidelines for Residential PACE Financing

DOE’s Best Practice Guidelines for Residential PACE Financing covers programmatic choices including program scope and eligibility, consumer and lender protections, public recording and disclosure, inc...
Example States and State Governments

Rhode Island Infrastructure Bank

The Rhode Island Infrastructure Bank was created in 2015 through bipartisan legislation. The legislation expanded the authority of the existing Clean Water Finance Authority to include the energy sect...
Resource Congress

Proposed PACE Act of 2017

The proposed Pace Act of 2017 would have amended the Truth in Lending Act to extend that Act’s requirements to real property retrofit loans. A “real property retrofit loan” is a loan that is: (1) secu...
Resource Local Governments

PACE Nation

PACE Nation is national non-profit organization that works to expand access to Property Assessed Clean Energy financing. They maintain a national database of PACE programs around the country.
Example States and State Governments

Maine PACE program

Maine signed PACE legislation into law in April 2010, authorizing municipalities to establish a loan program to provide financing for clean energy improvements to property owners via local ordinance. ...