21 Jul '16, 5pm

White House Calls for 1GW of Solar for Low-Income Housing by 2020

The White House announced a series of actions this week that will make it easier for low-income households to invest in energy efficiency and solar, with a goal of 1 gigawatt of solar for low-income residents by 2020. One of the most significant parts of the Clean Energy Savings for All Initiative is the additional guidance on property-assessed clean energy financing (PACE) for single-family homes. PACE programs allow investments in water- and energy-efficiency retrofits and distributed renewable generation to be paid back through property taxes, which lowers risk for both lenders and owners and can potentially open up a far larger swath of the energy-efficiency market. Currently, residential PACE is active in two states. California makes up the lion’s share of the $2 billion market , but No. 2 Florida is growing as well. Last year, the White House took the first step to o...

Full article: http://www.greentechmedia.com/articles/read/White-House-C...

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