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.

1. Jumping on the PACE Financing Train:
The Little Policy That Could
Amy
Heinemann
North
Carolina
Solar
Center
May
20th,
2010

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. 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. 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. 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)