The projects saw 0.41 mw of solar added to the grid. Combined with other efficiency projects, that's expected to shave 47 million kWh off consumers' utility bills while avoiding 23,000 metric tons of CO2 from entering the atmosphere over the lifetime of the upgrades.
PACE financing allows consumers to repay the cost of the upgrades through assessments on their property tax bill.
(Source: Ygrene Energy Fund, Florida Politics, 14 Nov., 2019)
Contact: Ygrene Energy Fund, Rocco Fabiano, Pres., CEO, (866) 634-1358, www.ygrene.com
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The new regulations being pushed by the state Department of Business Oversight, place overwhelming burdens on contractors, who are already licensed and regulated by the state, and PACE administrators, who are simply under contract to provide program services to local governments. The effect of the regulations, current and prospective, is to make the process of obtaining approval for financing more difficult for homeowners.
The new regulations are reportedly being pushed by a triad of bankers, credit unions and real estate interests interested in preserving their market share and keeping new competitors, like PACE, out of the low interest rate residential energy related loan marketplace.
While PACE administrators have supported recent legislation that delivers greater consumer protection and oversight of PACE as compared to other forms of financing, there is a calculated push by non-PACE lenders to shape legislation that denies access to PACE financing for many homeowners.
Residential PACE programs have been approved in more than 50 California counties and has been expanded to support other public policy initiatives, including water conversation and seismic retrofits. (Source: Ygrene, July, 2018) Contact: Ygrene Energy Fund, ,
Rocco Fabiano, Pres., CEO, (866) 634-1358,https://ygrene.com
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In the energy efficiency sector, the report found that VC funding fell sharply, bringing in $528 million in 33 deals compared to $852 million in 67 deals in 2015. Total corporate funding, including debt and public market financing, was $3.8 billion, compared to $2 billion in 2015.
The top VC funded companies were Ygrene Energy Fund, which raised $95 million, followed by Renew Financial with $70 million, ecobee with $35 million, and UrbanVolt brought in $32.9 million.
Efficiency Finance companies captured the most funding with $256 million in 7 deals. A total of 72 investors participated in funding deals compared to 129 investors in 2015.
Energy Efficiency companies raised nearly $3.2 billion in debt and public market financing. Financing in Energy Efficiency is also moving toward project funding. Property Assessed Clean Energy (PACE) financing totaled $2.3 billion in 12 deals in 2016 compared to $1.1 billion in seven deals in 2015.
(Source: Mercom Capital Group, Jan., 2017) Contact: Mercon Capital Group, (512) 215-4452, email@example.com,
More Low-Carbon Energy News Mercom Capital Group, Energy Efficiency ,