Yesterday Michigan governor Jennifer Granholm signed the state’s Property Assessed Clean Energy (PACE) law, making Michigan the 24th state to enable cities and counties to provide financing for on-site renewable energy and energy efficiency improvements via the property tax system. … Read More
Yesterday we discussed the spread of solar carports in California, highlighting the Milpitas School District’s 14 distributed solar PV arrays. According to a news story, the district anticipates savings of $12 million over 25 years from the projects, which were … Read More
In mid-October, yet another municipality joined the growing list of lawsuits against the Federal Housing Finance Agency, Fannie Mae, and Freddie Mac over the popular Property Assessed Clean Energy (PACE) program. Arguments in the court case will be heard next week.
A federal judge will consider next week whether to dismiss lawsuits questioning the Federal Housing Finance Agency’s decision to effectively shut down a White House-supported home energy efficiency program.
In a closely watched case, U.S. District Judge Claudia Wilken of the Northern District of California will hear arguments Dec. 2 over whether to dismiss several lawsuits against the agency, including one filed by the state of California.
I’m hopeful that the plaintiffs can win – PACE could really open the door to major improvements in home energy efficiency and expansion of distributed renewable energy.
An article in the New York Times last week suggested that a dearth of financing is holding back solar power in the United States. In particular, the authors note that “the country needs to build large plants covering hundreds of … Read More
Unlike many cities, Portland, Maine, has forged ahead with a significant energy efficiency plan without federal stimulus dollars. Simply borrowing money through bonding to investing in energy saving improvements, the city will – over 20 years – reduce operating costs by $700,000 per year and shrink its carbon footprint by 30 percent.
PORTLAND — The City Council agreed Monday night to borrow as much as $11 million for energy improvement projects in 30 municipal and 15 school buildings throughout Portland…Councilor David Marshall said the energy conservation measures will enable the city to reduce its carbon footprint by more than 30 percent.
…Ameresco [a Massachusetts-based consulting firm] has said that the projects will save about $700,000 a year in utility costs, and by the end of the 20-year bond period will pay back the cost of the work and interest on the bond.
In mid October, Leon County, FL, joined Babylon, NY, Palm Desert, CA, and Sonoma County, CA, as well as the California Attorney General, Sierra Club, and Natural Resources Defense Council in suing the Federal Housing Finance Agency over their opposition … Read More
PACE provides one of the most promising municipal energy financing tools and it’s been adopted by 22 states. But resistance from Fannie Mae and Freddie Mac has put the brakes on new programs. This presentation explores the rationale, the process, and the promise of PACE.… Read More