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
More Low-Carbon Energy News Ygrene, PACE, Energy Efficiency,