Tag Archives: PACE financing

For Ohio farmers, wind turbine revenue helps take the sting out of a ‘bad’ year

By Kathiann M. Kowalski, Energy News Network

Wind energy advocates say this year’s disappointing growing season in Ohio is a prime example why state lawmakers should be trying to make it easier, not harder, for farmers to put wind turbines on their properties. Unusually wet weather made it a bad year for many Ohio farmers, but those with wind turbines on their land had a welcome and predictable source of additional income to make up for some of the losses. About a sixth of Ohio’s farm acreage couldn’t be planted, according to data released this month by the U.S. Department of Agriculture’s Farm Service Agency. Read more here. 

USDA Resource: Prevented or Delayed Planting

Photo: Wind turbines in Blue Creek Township, Ohio. Credit: Nyttend / Wikimedia Commons

Also Written By Kathiann Kowalski

ADDITIONAL. RECOMMENDED READING

TRIBAL UTILITY-SCALE SOLAR

NM Native American Tribe Plans Solar Farm to Provide Renewable Energy Source, Inside Sources
A New Mexico Native American tribe plans to build a 50-megawatt solar farm, which includes a 20-megawatt battery storage unit, making it the first tribally owned, utility-scale solar project in the nation, according to a new report. The Jicarilla Apache tribe’s solar power project would transmit a large portion of its electricity to Albuquerque through the Public Service Company of New Mexico (PNM), according to an Institute for Energy Economics and Financial Analysis (IEEFA) report.

SOLAR SCHOOLS

Solar power is coming to five schools in Newport News, Williamsburg Yorktown Daily
The city’s public school system has partnered with Sun Tribe Solar to add solar power panels at five schools. Installation starts in 2020. See the full pdf presentation here.

PACE FINANCING 

A $60,000 solar project, with no money down. Program helps Colorado businesses finance renewable energy projects, Colorado Sun. The Colorado legislature passed a bill authorizing the program in 2013. More than 35 states, plus the District of Columbia, have C-PACE enabling legislation, and more than $1 billion in projects have been financed so far. The program’s administrative costs are paid via a 2.5% fee (not to exceed $50,000 per project) added to each C-PACE project, which is typically included in the total financed amount. Program and projects are solely financed through private capital.

TRANSMISSION NEWS

  • SPP Board Directs Construction of 44 Transmission Projects, Transmission & Distribution World These upgrades will facilitate reliable delivery of lower-cost generation.
  • A penny for your powerlines, PV Magazine
    Research by Lawrence Berkeley National Laboratory suggests that overall costs of transmission needed to integrate variable renewables is between 0.1-1¢/kWh, on top of the 2.9-4.6¢/kWh utility scale wind and solar power costs.

INTERNATIONAL NEWS 

8 Countries (Besides the US) With Solar Under $25 Per Megawatt-Hour, Greentech Media
Around the world, solar power price records just keep on coming.

OPINION

How utilities wield bad science to stunt clean energy, Utility Dive. Contributed article by Greer Ryan, the Renewable Energy and Research Specialist at the Center for Biological Diversity, and Emma Searson, the Go Solar Campaign Director at Environment America.

This is especially true of distributed solar — small-scale solar installations on homes and businesses. These systems help everyone, not just those with solar panels on their roofs, by delivering reliable, pollution-free energy to our communities. They also bring enormous benefits to wildlife and wild places. For example, solar panels paired with native plant restoration can provide habitat for threatened pollinators. But because of utilities’ actions, distributed solar is being held back from its full potential. To fully realize the advantages of using the sun’s energy to power our communities, we need to fundamentally change the way we value energy sources.

Colorado co-ops consider dropping their energy provider

Written by Allen Best, Energy News Network

A cooperative that serves four Western states could soon be losing customers amid concerns it’s not moving away from coal quickly enough. Colorado-based Tri-State Generation & Transmission boasts of having the most solar generation of any G&T in the United States. But whether it’s shifting to renewables quickly enough from its coal-heavy portfolio — and flexible enough to accommodate locally-generated electricity — has become a central issue with several of the 43 member cooperatives . . . Tri-State’s 43 member cooperatives collectively deliver electricity to [615,000 metered members/customers throughout] 200,000 square miles in New Mexico, Colorado, Nebraska and Wyoming. Click here to read more.

Tri-State’s Nebraska Member Cooperatives

CR Chimney Rock Public Power District, Bayard
MW The Midwest Electric Cooperative Corporation, Grant
NW Northwest Rural Public Power District, Hay Springs
PH Panhandle Rural Electric Membership Association, Alliance
RS Roosevelt Public Power District, Scottsbluff
WB Wheat Belt Public Power District, Sidney

ALSO IN THE NEWS

Ohio’s new OurSolar program offering solar energy access to electric cooperatives at a minimal cost

By Janelle Patterson, The Marietta Times

As part of the co-op’s partnership with Buckeye Power, the new OurSolar program is rolling out solar panels at co-ops across the state at minimal cost to their members. The Marietta-based operation is the third to install the renewable energy conduit in the state. We have a lot of folks very interested in renewable energy sources, but the cost of installing them into your own home can be prohibitive,” said Jennifer Greene, director of marketing and member services. Instead, for 53 cents per year, the co-op’s members receive the benefits of a 160-panel installation tied directly to their power grid from the co-op’s grounds. Read more.

Photo credit: Janelle Patterson / The Marietta Times. Nathan Whitacre and Jennifer Greene of Washington Electric Cooperative talk about the output of the new solar panels at the cooperative’s project site on Wednesday.

OurSolar Program

ALSO OF POTENTIAL INTEREST

Ohio city’s energy financing tool could be start of regional trend

Written by Douglas J. Guth, Midwest Energy News

pnc-tower

The program allows building owners to utilize Property Assessed Clean Energy (PACE) financing for upgrades on non-residential properties via bonds or governmental loans. The amount borrowed is repaid via a special assessment on a property tax bill over a period of up to 30 years.

In PNC [Plaza’s] case, the Columbus-Franklin County Finance Authority leveraged PACE in concert with a regional energy fund to pay for eligible building updates. The loan is tied to the facility’s property bill and does not count as debt, meaning PNC’s owners can spread repayment costs over the life of the project so generated savings eclipse that of the annual loan payment.
Click to read more.

Photo by Friscocali / Creative Commons: A clean energy financing district in Columbus, Ohio helped obtain $3.2 million for upgrades to the PNC Plaza.

ADDITIONAL RECOMMENDED READING
Indian Creek Nature Center ‘Amazing Space’ is a green machine, The Gazette
Lawmaker’s View: Minnesota can follow Germany’s lead in combating climate change, Duluth News Tribune
Independence Day: Local utilities ditch power suppliers for renewables, stable pricesUtility Dive
Massachusetts Becomes Third State to Set an Energy Storage Mandate, Microgrid Knowledge
2016 Solar+Storage Jobs: A Discussion Paper, The Solar Foundation
Report: Growth of grid-tied storage to rival solar’s recent trajectory in upcoming decade, Utility Dive
Big batteries for every home and business: Energy storage to double this year, Computer World 

PACE Innovators ‘Beat the Street’ with Explosive Growth in Clean Energy Financing

By Terri Steele, Principal, SolarSavvy Communications / Published by Renewable Energy World
pacenation-logo
At a time when investors are skittish over market volatility, they couldn’t be more bullish on the economic potential of renewables, in particular a form of clean energy financing known as Property Assessed Clean Energy (PACE). PACE allows residential and commercial property owners to finance 100 percent of over 60 categories of renewable energy, energy efficiency and water conservation improvements with no money down, no FICO score requirements or encumbrance of personal or business credit. Read more here.

ADDITIONAL RECOMMENDED READING
Nebraska lawmakers pass PACE bill to open up efficiency, renewable generation, Utility Dive

PACENation is an association of people and organizations who are joined in their support for PACE financing. Members may have different individual goals, but they share a desire to create energy and resource efficient communities.

PACENation members:

  • Believe PACE is a powerful tool for making buildings more energy and resource efficient,
  • Strive to create a vibrant market in which PACE financing is universally available and understood by market participants,
  • Acknowledge that by helping others they help themselves,
  • Promise to support, to the extent possible, the passage of PACE

To learn more about PACE, visit PACENation’s website: www.pacenation.us

Missouri to be second state with residential PACE later this summer

By Karen Uhlenhuth, Midwest Energy News

Creative Commons2

Renovate America has worked only in California for the past several years, and has completed about 62,000 residential PACE loans there. It is looking to expand to all 30 states that have passed PACE-enabling legislation . . . Renovate America anticipates charging an interest rate between 6.9 and 8.9 percent. It also will charge a fee amounting to about 5 percent of the principal. While the interest rate is much lower than that levied on a credit card balance, it is not necessarily lower than would be charged on a home equity loan, for example. Read more.

Photo by dcp / Creative Commons

ADDITIONAL RECOMMENDED READING
Nebraska Energy Office’s Dollar and Energy Saving Loans

Effective August 15, 2016

  • No stated 2.5%, 3.5% and 5% loan rates but loan rates to be set by the lender up to and not to exceed 5%
  • Rate reduction on Energy Efficient Housing long term loans changed from a 2% rate reduction to a 1.5% rate reduction with the ½% funding fee payable to the Energy Office discontinued.

Visit the Nebraska Energy Office’s website for more information: http://www.neo.ne.gov/loan/
Nebraska hopes to close efficiency gap with PACE legislation, by Karen Uhlenhuth, Midwest Energy News
Nebraska lawmakers pass PACE bill to open up efficiency, renewable generation, by Robert Walton, Utility Dive

Click here for information on 47 incentives and policies that support renewable energy and energy efficiency in Nebraska. Source: DSIRE