IREC/NCSC/DSIRE: Jumping on the PACE financing train

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Amy Heinemann from the North Carolina Solar Center talks about how PACE funding programs work and the issues that remain in getting states and municipalities to take advantage of the program.

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IREC/NCSC/DSIRE: Jumping on the PACE financing train

  1. 1. Jumping on the PACE Financing Train: The Little Policy That Could Amy  Heinemann   North  Carolina  Solar  Center   May  20th,  2010  
  2. 2. The Basics •  Property  owners  borrow  money  from  the  local   government  to  pay  for  renewable  energy  and/or   energy  efficiency  improvements   •  Loan  typically  repaid  on  property  tax  bill  (or   water,  sewer,  uGlity)   •  Loan  legally  transfers  with  property   •  Opt-­‐in  special  assessment  feature   •  Loan  secured  by  lien  on  property   •  Administered  by  local  government,  but  generally   requires  state  authorizaGon  
  3. 3. Property Assessed Clean Energy (PACE) www.dsireusa.org / April 2010 ME: 2010 MN: 2010 NY: 2009 OR: 2009 VT: 2009 WI: 2009 NV: 2009 OH: 2009 MD: 2009 IL: 2009 CO: 2008 CA: 2008 DC VA: 2009 NC: 2009 NM: 2009 OK: 2009 TX: 2009 20 states LA: 2009 FL: Existing authorize PACE Authority* (18 states have passed legislation and HI: Existing Authority* 2 states permit it based on existing law) PACE financing authorized
  4. 4. Timeline of Policy •  In  2008,  2  states  passed  PACE  legislaGon.   •  In  2009,  14  states  passed  PACE  legislaGon  and   2  more  appeared  to  have  exisGng   authorizaGon.    LegislaGon  in  19  states.   •  In  2010,  2  states  passed  PACE  legislaGon.*    3   states  modified  PACE.    LegislaGon  in  29  states.   *4  more  states  have  legislaGon  waiGng  to  be   signed  by  governor:  CT,  FL,  GA,  MO  
  5. 5. Resources •  Vote  Solar:  h[p://votesolar.org/   •  PACENOW:  h[p://www.pacenow.org/   •  Renewable  Funding:   h[p://www.renewfund.com/   •  DSIRE  Solar  Policy  Guide:   h[p://dsireusa.org/solar/solarpolicyguide/   •  Papers  published  by  NREL,  LBNL,  Vote  Solar,   White  House,  US  DOE,  Renewable  and   Appropriate  Energy  Laboratory  (RAEL)  

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