Property-Assessed Clean Energy (PACE) Financing of Renewables and Efficiency: Fact Sheet Series on Financing Renewable Energy Projects (Brochure)
Abstract
Under property-assessed clean energy (PACE) and similar programs, municipal financing districts lend the proceeds of bonds to property owners for financing energy retrofits. Property owners who invest in energy efficiency (EE) measures and small renewable energy (RE) systems then repay these loans over 15-20 years via annual assessments on their property tax bills. States and local governments can use PACE bonds to help property owners finance EE and RE projects. This factsheet outlines the benefits of PACE programs and describes how they can be designed, implemented, and funded. The factsheet also summarizes the benefits and challenges experienced by PACE programs in Boulder County, Colorado; Annapolis, Maryland; Berkeley, California; Sonoma County, California; Palm Desert, California; and Babylon, New York.
- Authors:
- Publication Date:
- Research Org.:
- National Renewable Energy Lab. (NREL), Golden, CO (United States)
- Sponsoring Org.:
- USDOE
- OSTI Identifier:
- 983714
- Report Number(s):
- NREL/BR-6A2-47097
TRN: US201014%%1778
- DOE Contract Number:
- AC36-08GO28308
- Resource Type:
- Technical Report
- Resource Relation:
- Related Information: Energy Analysis
- Country of Publication:
- United States
- Language:
- English
- Subject:
- 32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION; CALIFORNIA; CHARGES; COLORADO; EFFICIENCY; ENERGY; ENERGY EFFICIENCY; FINANCING; LOCAL GOVERNMENT; MARYLAND; NEW YORK; SHEETS; US ENERGY EXTENSION SERVICE; USES; WHO; PROPERTY-ASSESSED CLEAN ENERGY; PACE PROGRAMS; BERKELEY MODEL; ENERGY LOAN TAX ASSESSMENT PROGRAMS; ELTAP; VIRTUAL ECO-INDUSTRIAL PARK; VEIP; TAX LIEN; MUNICIPAL ENERGY FINANCING; CLEAN ENERGY; RENEWABLE ENERGY; RETROFITS; MUNICIPAL BONDS; PROPERTY ASSESSMENTS; PROPERTY TAX BILLS; STATE; CLEAN ENERGY ASSESSMENT DISTRICTS; PROGRAM DESIGN; PROGRAM FUNDING; UP-FRONT COSTS; BOULDER COUNTY, COLORADO; ANNAPOLIS
Citation Formats
Speer, B, and Koenig, R. Property-Assessed Clean Energy (PACE) Financing of Renewables and Efficiency: Fact Sheet Series on Financing Renewable Energy Projects (Brochure). United States: N. p., 2010.
Web. doi:10.2172/983714.
Speer, B, & Koenig, R. Property-Assessed Clean Energy (PACE) Financing of Renewables and Efficiency: Fact Sheet Series on Financing Renewable Energy Projects (Brochure). United States. https://doi.org/10.2172/983714
Speer, B, and Koenig, R. 2010.
"Property-Assessed Clean Energy (PACE) Financing of Renewables and Efficiency: Fact Sheet Series on Financing Renewable Energy Projects (Brochure)". United States. https://doi.org/10.2172/983714. https://www.osti.gov/servlets/purl/983714.
@article{osti_983714,
title = {Property-Assessed Clean Energy (PACE) Financing of Renewables and Efficiency: Fact Sheet Series on Financing Renewable Energy Projects (Brochure)},
author = {Speer, B and Koenig, R},
abstractNote = {Under property-assessed clean energy (PACE) and similar programs, municipal financing districts lend the proceeds of bonds to property owners for financing energy retrofits. Property owners who invest in energy efficiency (EE) measures and small renewable energy (RE) systems then repay these loans over 15-20 years via annual assessments on their property tax bills. States and local governments can use PACE bonds to help property owners finance EE and RE projects. This factsheet outlines the benefits of PACE programs and describes how they can be designed, implemented, and funded. The factsheet also summarizes the benefits and challenges experienced by PACE programs in Boulder County, Colorado; Annapolis, Maryland; Berkeley, California; Sonoma County, California; Palm Desert, California; and Babylon, New York.},
doi = {10.2172/983714},
url = {https://www.osti.gov/biblio/983714},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Thu Jul 01 00:00:00 EDT 2010},
month = {Thu Jul 01 00:00:00 EDT 2010}
}