retrofits
The Tea Party Embraces Local Energy Efficiency Financing?
It looks like we’ve finally found an environmental issue that can attract strong bipartisan support. The PACE program allows municipal bond financing to pay for energy efficiency retrofits and solar panels, among other environmentally benign building improvements, to be repaid through property tax assessments. But the Federal Housing Finance Administration (FHFA) essentially squashed the residential …
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CONTINUE READINGGOP Will Filibuster the PACE Bill, Unless…
A prediction: the Republicans will filibuster Mike Thompson’s bill concerning PACE once it gets to the Senate. At this point, the Republicans (led by Senator Mitch McConnell, pictured right) are simply uninterested in principles or policy. That’s particular true in the shadow of the upcoming midterms: stopping the bill will simply be another way to …
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CONTINUE READINGFHFA strangles PACE clean energy financing program
Yesterday, the Federal Housing Finance Administration, the agency that regulates bankrupt mortgage insurers Fannie Mae and Freddie Mac, issued a letter effectively destroying the promising energy efficiency and renewable energy financing program called Property Assessed Clean Energy (PACE). I blogged about Fannie and Freddie’s lender letters on the PACE program a few weeks ago. PACE …
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CONTINUE READINGFannie and Freddie stop the PACE of clean energy
One of the biggest barriers to getting homeowners to retrofit their homes to make them more energy efficient and install renewables like solar panels is the high up front costs. While these investments pay out over time, most residents lack the thousands of dollars they need to pay for these upgrades. The City of Berkeley …
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