Retrofits pick up the pace

A look at the current state of Property Assessed Clean Energy (PACE) financing across the US.  Legislation enabling this financing mechanism has been passed in half the country, and implemented at the city or county level in Berkeley and Boulder among others, but because the Federal Housing Finance Administration (Fannie and Freddie’s boss) chose to treat this particular property assessment as a lien, all the programs have been frozen since last July.  Lawsuits and legislative fixes abound, but in the meantime, people are struggling to find other financing mechanisms for these financially (as well as ecologically) worthwhile investments.  More background available at Pace Now.

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