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Author : Kevin Edward McCarthy
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (488 download)
Download or read book PACE Energy Program written by Kevin Edward McCarthy and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses property-assessed clean energy (PACE) programs.
Author :
Publisher :
ISBN 13 :
Total Pages : 4 pages
Book Rating : 4.:/5 (727 download)
Download or read book Photovoltaics (PV) as an Eligible Measure in Residential PACE Programs written by and published by . This book was released on 2010 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: Property Assessed Clean Energy (PACE) financing is one of several new financial models broadening access to clean energy by addressing the barrier of initial capital cost. The majority of the PACE programs in the market today include PV as an eligible measure. PV appeals to homeowners as a way to reduce utility bills, self-generate sustainable power, increase energy independence and demonstrate a commitment to the environment. If substantial state incentives for PV exist, PV projects can be economic under PACE, especially when partnered with good net metering policies. At the same time, PV is expensive relative to other eligible measures with a return on investment horizon that might exceed program targets. This fact sheet reviews the benefits and potential challenges of including PV in PACE programs.
Download or read book Transferring PACE Assessments Upon Home Sale written by and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: A significant barrier to investing in renewable energy and comprehensive energy efficiency improvements to homes across the country is the initial capital cost. Property Assessed Clean Energy (PACE) financing is one of several new financial models broadening access to clean energy by addressing this upfront cost issue. Recently, the White House cited PACE programs as an important element of its 'Recovery through Retrofit' plan. The residential PACE model involves the creation of a special clean energy financing district that homeowners elect to opt into. Once opted in, the local government (usually at the city or county level) finances the upfront investment of the renewable energy installation and/or energy efficiency improvements. A special lien is attached to the property and the assessment is paid back as a line item on the property tax bill. As of April 2010, 17 states have passed legislation to allow their local governments to create PACE programs, two already have the authority to set up PACE programs, and over 10 additional states are actively developing enabling legislation. This policy brief analyzes one of the advantages of PACE, which is the transferability of the special assessment from one homeowner to the next when the home is sold. This analysis focuses on the potential for the outstanding lien to impact the sales negotiation process, rather than the legal nature of the lien transfer itself. The goal of this paper is to consider what implications a PACE lien may have on the home sales negotiation process so that it can be addressed upfront rather than risk a future backlash to PACE programs. If PACE programs do expand at a rapid rate, the chances are high that there will be other cases where prospective buyers uses PACE liens to negotiate lower home prices or require repayment of the lien as a condition of sale. As a result, PACE programs should highlight this issue as a potential risk factor for the sake of full disclosure. A good example of this is in Boulder County where the following statement is included in the ClimateSmart PACE program materials: 'Please Note: There is no legal requirement that the loan be paid off when you refinance or sell your home. However, this may be an item subject to negotiation with a future buyer and may also be a matter of negotiation with the mortgage lender.' Such candid disclosure for what might be a low risk event can be debated. However, a selling point of PACE programs is the transferability of the lien to the new homeowner. To the degree this benefit is questioned, PACE programs may end up looking more like home equity loan financing, with the associated debt repaid at closing, rather than property-based financing that remains with the improved home. While it is possible that upfront disclosure might negatively impact participation rates in PACE programs, it also will protect the integrity of a PACE program in later years if such situations come to pass. Ideally, this will become less of an issue over time as more homebuyers understand the positive economic and societal benefits of owning a home with clean energy features.
Author : National Renewable Energy Laboratory (Nr
Publisher :
ISBN 13 : 9781296042929
Total Pages : 48 pages
Book Rating : 4.0/5 (429 download)
Download or read book Economic Impacts from the Boulder County, Colorado, Climatesmart Loan Program written by National Renewable Energy Laboratory (Nr and published by . This book was released on 2015-02-15 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author : United States. Congress. Senate. Committee on Energy and Natural Resources
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.0/5 ( download)
Download or read book PACE-Energy Act written by United States. Congress. Senate. Committee on Energy and Natural Resources and published by . This book was released on 2006 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (14 download)
Download or read book Photovoltaics (PV) as an Eligible Measure in Residential PACE Programs: Benefits and Challenges (Fact Sheet) written by and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Property Assessed Clean Energy (PACE) financing is one of several new financial models broadening access to clean energy by addressing the barrier of initial capital cost. The majority of the PACE programs in the market today include PV as an eligible measure. PV appeals to homeowners as a way to reduce utility bills, self-generate sustainable power, increase energy independence and demonstrate acommitment to the environment. If substantial state incentives for PV exist, PV projects can be economic under PACE, especially when partnered with good net metering policies. At the same time, PV is expensive relative to other eligible measures with a return on investment horizon that might exceed program targets. This fact sheet reviews the benefits and potential challenges of including PV inPACE programs.
Download or read book Property-assessed Clean Energy (PACE) :. written by and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Marshall R. Goldberg
Publisher :
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4.:/5 (13 download)
Download or read book Economic Impacts from the Boulder County, Colorado, ClimateSmart Loan Program written by Marshall R. Goldberg and published by . This book was released on 2011 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines the economic impacts (including job creation) from the Boulder County, Colorado, ClimateSmart Loan Program (CSLP), an example of Property-Assessed Clean Energy (PACE) financing. The CSLP was the first test of PACE financing on a multi-jurisdictional level (involving individual cities as well as the county government). It was also the first PACE program to comprehensively address energy efficiency measures and renewable energy, and it was the first funded by a public offering of both taxable and tax-exempt bonds. The first phase of the residential CSLP financed about $9.8 million in residential energy retrofits, most of which were completed in 2009. This report focuses on 598 project invoices and $9.0 million in project spending. The report provides a program overview and economic impact analysis of program spending and energy savings using an input-output (I-O) model. The report also provides a qualitative assessment of factors that affected the resulting economic impacts, and profiles some program participants and contractors. The analysis focuses on Boulder County benefits but also includes an assessment of associated statewide economic benefits.
Author : Rebecca Menten
Publisher :
ISBN 13 :
Total Pages : 252 pages
Book Rating : 4.:/5 (671 download)
Download or read book Municipal Financing Programs as an Option for Overcoming Barriers to Energy Efficiency written by Rebecca Menten and published by . This book was released on 2010 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Minnesota. Residential PACE Consumer Protection Legislation Task Force
Publisher :
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.:/5 (12 download)
Download or read book Report to the Legislature written by Minnesota. Residential PACE Consumer Protection Legislation Task Force and published by . This book was released on 2018 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: Residential Property Assessed Clean Energy (PACE) is a financing mechanism that allows local governments to extend the use of real property secured financing to fund various types of energy-related projects on private property. These projects are typically those that can help to advance goals related to reducing greenhouse gas emissions through various types of energy conservation or use of renewable energy. The task force was charged with developing recommendations for consumer protection legislation related to the (PACE) program and to submit a report including any draft legislation necessary to implement the recommendations of the Task Force.
Author :
Publisher :
ISBN 13 :
Total Pages : 12 pages
Book Rating : 4.:/5 (318 download)
Download or read book Proposed Cancellation of Program Opportunity Notice 400-09-401 written by and published by . This book was released on 2010 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book PACE and the Federal Housing Finance Agency (FHFA). written by and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The FHFA regulates Fannie Mae, Freddie Mac, and the 12 Federal Home Loan Banks (the government-sponsored enterprises - GSEs). On June 18, 2009, James B. Lockhart III, then Director of FHFA, released a letter expressing concern about the negative impact of energy loan tax assessment programs (ELTAPs) - also known as Property Assessed Clean Energy (PACE) programs - on both the housing finance system and homeowner program participants. Subsequently, a number of PACE proponents responded to the concerns laid out in the FHFA letter. In early Fall 2009, word circulated that FHFA was planning to follow its June letter with guidance to other agencies, possibly including Fannie Mae and Freddie Mac, discouraging them from buying loans on properties subject to PACE-type assessment liens. This triggered a second round of stakeholder letters, several of which were addressed to President Obama. On October 18, 2009, the White House, in what some believe was an attempt to obviate the need for FHFA guidance, released a Policy Framework for PACE Financing Programs that outlined best practices guidance for homeowner and lender protection. As of February 2010, FHFA and the GSEs have agreed to monitor PACE programs and work with stakeholders and the Administration to consider additional guidance beyond the Policy Framework and to collect more information on PACE program efficacy and risks. A summary of the communications timeline and highlights of the communications are provided.
Author : California Energy Commission
Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.:/5 (318 download)
Download or read book State Energy Program Guidelines written by California Energy Commission and published by . This book was released on 2010 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Marshall R. Goldberg
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (719 download)
Download or read book Economic Impacts from the Boulder County, Colorado, ClimateSmart Loan Program written by Marshall R. Goldberg and published by . This book was released on 2011 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines the economic impacts (including job creation) from the Boulder County, Colorado, ClimateSmart Loan Program (CSLP), an example of Property-Assessed Clean Energy (PACE) financing. The CSLP was the first test of PACE financing on a multi-jurisdictional level (involving individual cities as well as the county government). It was also the first PACE program to comprehensively address energy efficiency measures and renewable energy, and it was the first funded by a public offering of both taxable and tax-exempt bonds. The first phase of the residential CSLP financed about $9.8 million in residential energy retrofits, most of which were completed in 2009. This report focuses on 598 project invoices and $9.0 million in project spending. The report provides a program overview and economic impact analysis of program spending and energy savings using an input-output (I-O) model. The report also provides a qualitative assessment of factors that affected the resulting economic impacts, and profiles some program participants and contractors. The analysis focuses on Boulder County benefits but also includes an assessment of associated statewide economic benefits.
Author : Marshall R. Goldberg
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (719 download)
Download or read book Economic Impacts from the Boulder County, Colorado, ClimateSmart Loan Program written by Marshall R. Goldberg and published by . This book was released on 2011 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines the economic impacts (including job creation) from the Boulder County, Colorado, ClimateSmart Loan Program (CSLP), an example of Property-Assessed Clean Energy (PACE) financing. The CSLP was the first test of PACE financing on a multi-jurisdictional level (involving individual cities as well as the county government). It was also the first PACE program to comprehensively address energy efficiency measures and renewable energy, and it was the first funded by a public offering of both taxable and tax-exempt bonds. The first phase of the residential CSLP financed about $9.8 million in residential energy retrofits, most of which were completed in 2009. This report focuses on 598 project invoices and $9.0 million in project spending. The report provides a program overview and economic impact analysis of program spending and energy savings using an input-output (I-O) model. The report also provides a qualitative assessment of factors that affected the resulting economic impacts, and profiles some program participants and contractors. The analysis focuses on Boulder County benefits but also includes an assessment of associated statewide economic benefits.
Author : United States. Congress. House. Committee on Science and Technology. Subcommittee on Energy Research and Production
Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.F/5 ( download)
Download or read book The Magnetic Fusion Energy Program, Its Objectives and Pace written by United States. Congress. House. Committee on Science and Technology. Subcommittee on Energy Research and Production and published by . This book was released on 1980 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mary M. Timney
Publisher : Routledge
ISBN 13 : 1317462289
Total Pages : 251 pages
Book Rating : 4.3/5 (174 download)
Download or read book Power for the People written by Mary M. Timney and published by Routledge. This book was released on 2015-04-29 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: Power for the People examines the tension between the social and political interests of states and the market in the case of energy policy. The author has conducted extensive research on California's experience with electricity restructuring, and assesses how the diverging interests of the market vs. the state resulted in that notable failure of energy deregulation. She includes overviews of many other states, and offers analysis on how states can balance their own interests with the market without imposing high costs on their citizens or the environment. This is the first book to look at deregulation from the point of view of the consumer and the states. Exceptionally clear, balanced, and well-written, it is essential reading for anyone interested in public policy, energy studies, and government deregulation of services, and would also be an ideal supplement for any courses in these areas.
