Tag Archives: Property-Assessed Clean Energy (PACE)

Lincoln City Council to Discuss & Vote on Property Assessed Clean Energy Ordinance Monday, August 27th

Announcement from Ken Winston, Director of Policy & Outreach,
Nebraska Interfaith Power & Light

There will be a discussion and vote on PACE (Property Assessed Clean Energy) at the Lincoln City Council meeting on Monday, August 27th at 5:30 pm, rescheduled from July 23rd.

Join Nebraska Interfaith Power & Light and allied organizations for the meeting at the City/County Building, 555 S 10th Street, Lincoln, Nebraska 68508 to have your voice heard!

You can also contact City Council members anytime beforehand with your comments here.

If you contact Council member Roy Christensen, be sure to thank him for bringing this ordinance before the Council.

PACE is a vital tool that will help to expand our use of clean energy and improve outdated buildings. Click on these links to learn more:

SEIA Whitepaper – Expanding Solar Deployment Opportunities in the Commercial and Industrial Sector: An Introduction to Property Assessed Clean Energy

SEIA_40th_Anniversary_Logo

The Commercial and Industrial sector represents an extraordinary opportunity to deploy solar energy, but it has experienced relatively slow growth due to a wide range of complexities in ownership structure, creditworthiness of the end-consumer, and other issues. The Solar Energy Industries Association (SEIA) and a diverse group of industry experts–convened as the SEIA Finance Initiative and its Commercial Real Estate Working Group–investigated the opportunity, associated barriers, and potential solutions of this underserved market. The culmination of the effort is the whitepaper: Expanding Solar Deployment Opportunities in the C&I Sector: An Introduction to Property Assessed Clean Energy (PACE).

Press Release from the Office of Senator Ken Haar: Opportunities for Nebraskans

nebraska-capitol

Senator Tyson Larson and Senator Ken Haar, co-chairs of the LR 455 Committee of the Legislature, announced a series of hearings about Opportunities for Nebraskans related to affordable energy efficiency and renewable energy development for communities, businesses and homes. Hearings will be held September 27th at the Broken Bow Middle School and September 28th at the State Capitol in Lincoln. Topics for the hearings will be solar energy development and energy financing, with a particular emphasis on PACE (Property Assessed Clean Energy).

  • On September 27th at 10 a.m. in Broken Bow, the committee will hear presentations on energy financing, including PACE and will follow with solar energy development at 1:30 p.m.
  • On September 28th beginning at 9 a.m. in room 1525 of the State Capitol, the committee will hear about solar energy development followed by energy financing, including PACE beginning at 1:30 p.m. At both sites, the hearings will begin with presentations from experts invited to share their knowledge of the topics at hand, and then will be opened up for testimony from the public.

“These hearings are about opportunities,” said Senator Ken Haar. “We want Nebraskans to learn how they can reduce their energy bills through developing PACE programs or using other financing programs from the Nebraska Energy Office to make their homes and businesses more energy efficient. PACE and the Energy Office programs can also provide financing for renewable energy projects, including helping people put up solar panels.”

“We also want to make people aware of the opportunities for solar development,” said Senator Tyson Larson. “We are just beginning to scratch the surface of the possibilities for solar energy in Nebraska. It is very exciting to hear about all the new renewable energy developments happening in our state.”

PACE is a new program authorized by the 2016 Legislature. It authorizes municipalities to set up programs to finance energy efficiency and renewable energy projects for businesses and homes in which the projects are paid off through an assessment on the property where the project is located. There are many attractive aspects of PACE programs, including the ability to finance projects that may have more upfront cost but provide more long-term benefits. In addition, PACE programs can provide one-stop service that encompasses financing, contracting and repayment through one program.

For more information contact Ken Winston, Legislative Aide to Senator Ken Haar, 402-471-2673 or kwinston@leg.ne.gov

President Obama unveils executive actions to drive distributed energy growth

Photo: Utility Dive

Photo: Utility Dive

By Gavin Bade, Utility Dive

PACE: Property Assessed Clean Energy

Excerpt
With the addition of a new $1 billion loan guarantee program, the White House said in a fact sheet that more than $10 billion in guarantees are now available for innovative distributed energy projects. But perhaps more significant in the long term are changes to the PACE program aimed at allowing more Americans the chance to deploy solar with no money down.

Under the new FHA guidance, the administration will allow homeowners with mortgages it underwrites to purchase properties with solar panels deployed under the PACE program. Under PACE, homeowners can pay off energy upgrades over time on their property taxes. The new guidance will allow those with FHA loans to buy houses with PACE contracts and assume payment for the energy facility when ownership is transferred. Greentech Media has a good in-depth look at the PACE program changes here.

Read the entire article here

PACE Resources
What is PACE Financing?
http://www.pacenow.org/about-pace/
http://www.pacenow.org/pace-programs/

States with PACE Enabling Legislation, PACE Legislative Checklist, Legislation Protocol
http://www.pacenow.org/resources/pace-enabling-legislation/

Cities/Counties with PACE Programs
http://www.pacenow.org/pace-programs/#table