23 Jul '11, 2pm

PACE Gets Second Chance at Life

PACE Gets Second Chance at Life Saturday, 23 July 2011 Cleanenergyauthority.com Tweet Property-Assessed Clean Energy (PACE) financing programs were becoming a popular way to help home and property owners pay for solar and renewable installations or energy efficiency improvements. But the Federal Home Finance Administration’s Freddie Mac and Fannie Mae said last year that they could invalidate homeowners’ loans. Subsequently, many municipalities stopped offering PACE. Now they’re back on the table thanks to “PACE Protection Act of 2011,” a bipartisan bill introduced in the House by Representatives Mike Thompson (D-Calif.), Dan Lungren (R-Calif.) and Nan Hayworth (R-N.Y.). “It saves property owners money by lowering energy costs and, perhaps more important, creates jobs without taxes or government subsidies,” Thompson said in a press release. “FHFA and other federal agencies...

Full article: http://www.solarfeeds.com/cleanenergyauthoritycom/17664-p...

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