Property-Assessed Clean Energy (PACE) Financing of Renewables and Efficiency: Fact Sheet Series on Financing Renewable Energy Projects (Brochure)

Technical Report · Thu Jul 01 04:00:00 EDT 2010

DOI:https://doi.org/10.2172/983714· OSTI ID:983714

Speer, B; Koenig, R

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.

• Research Organization: National Renewable Energy Laboratory (NREL), Golden, CO.
• Sponsoring Organization: USDOE
• DOE Contract Number: AC36-08GO28308
• OSTI ID: 983714
• Report Number(s): NREL/BR-6A2-47097
• Country of Publication: United States
• Language: English

Related Subjects

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
ANNAPOLIS
BERKELEY MODEL
BOULDER COUNTY
COLORADO
CALIFORNIA
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CLEAN ENERGY
CLEAN ENERGY ASSESSMENT DISTRICTS
COLORADO
EFFICIENCY
ELTAP
ENERGY
ENERGY EFFICIENCY
ENERGY LOAN TAX ASSESSMENT PROGRAMS
FINANCING
LOCAL GOVERNMENT
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MUNICIPAL BONDS
MUNICIPAL ENERGY FINANCING
NEW YORK
PACE PROGRAMS
PROGRAM DESIGN
PROGRAM FUNDING
PROPERTY ASSESSMENTS
PROPERTY TAX BILLS
PROPERTY-ASSESSED CLEAN ENERGY
RENEWABLE ENERGY
RETROFITS
SHEETS
STATE
TAX LIEN
UP-FRONT COSTS
US ENERGY EXTENSION SERVICE
USES
VEIP
VIRTUAL ECO-INDUSTRIAL PARK
WHO