30 May '14, 5pm

PACE Roundup: New York and Florida Offer $275M in Financing; Residential Bounces Back

PACE Roundup: New York and Florida Offer $275M in Financing; Residential Bounces Back

From coast to coast, money continues to roll in for property-assessed clean energy loan programs. Florida’s PACE Funding Agency recently announced that $200 million is now available through its EVest Program for both residential and commercial projects. PACE programs allow investments in energy-efficiency retrofits and distributed renewable generation to be paid back through property taxes, which lowers the risk for both lenders and owners and can potentially open up a far larger swath of the energy efficiency market. In Florida, wind-resistance improvements are also eligible for the PACE program. As Greentech Media noted in January, south Florida is a growth market to keep an eye on for residential PACE this year. Nationwide, about two-thirds of projects to date have been for energy efficiency, according to PACENow . The agency’s financial advisors Public Financial Manage...

Full article: http://www.greentechmedia.com/articles/read/pace-roundup-...

Tweets

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