News & Analysis as of

Energy Efficiency PACE

Winstead PC

C-PACE Has Entered the Capital Stack Chat

Winstead PC on

The latest hurdle in getting a deal done in the post-Fed-rate-hikes era revolves around the capital stack, which, according to the Commercial Observer, is more complicated than ever. Deals are taking longer because...more

McGlinchey Stafford

C-PACE Offers Benefits for Energy Efficient Properties in Many States

McGlinchey Stafford on

Regardless of arguments as to its cause, climate change is real and its negative effects on health and the environment are evident. And although there exist legal directives that certain businesses must meet to increase...more

Bricker Graydon LLP

[Webinar] 2022 Kentucky PACE Market Update - January 20th, 12:00 pm - 1:00 pm EST

Bricker Graydon LLP on

Are you interested in Property Assessed Clean Energy (PACE) in Kentucky? Join Bricker & Eckler and PACE administrator, Energize Kentucky, as they highlight the major accomplishments from 2021 and provide an outlook for the...more

Foley & Lardner LLP

Spotlight on PACE: PACE Projects From Downtown Redevelopments to Dairy Farms

Foley & Lardner LLP on

Property Assessed Clean Energy (“PACE”) has been maturing into a distinct asset class over the last decade. Foley has been involved in PACE since its early days, from highlighting the three early models program developers...more

Bricker Graydon LLP

[Webinar] PACE Market Update | 2020 Review & 2021 Forecast - January 12th, 11:00 am - 1:00 pm EST

Bricker Graydon LLP on

Bricker & Eckler, along with national and state partners, will recap significant PACE industry developments from 2020 and preview what’s on the horizon for 2021....more

Ballard Spahr LLP

Industry Trade Groups Respond to FHFA Request for Input on PACE Transactions

Ballard Spahr LLP on

In January 2020 the Federal Housing Finance Agency (FHFA) published a request for input on Property Assessed Clean Energy (PACE) transactions involving residential property. ...more

Bricker Graydon LLP

PACE offers innovative financing for significant energy efficiency and renewable energy improvements

Bricker Graydon LLP on

Hospitals are some of the most energy-intensive buildings in the nation, consuming three to five times as much energy as high-end commercial hotels. As energy costs rise and building sustainability concerns grow, energy...more

Bricker Graydon LLP

[Webinar] 2020 Michigan PACE Market Update - January 23rd, 12:00 pm ET

Bricker Graydon LLP on

Interested in Property Assessed Clean Energy Financing in Michigan? PACE administrator, Lean & Green Michigan, will give an update on Michigan's PACE market, and Bricker & Eckler will take a deep dive into PACE legislation...more

Bricker Graydon LLP

DevelopOhio: Summary of 2019 PACE transactions in Ohio

Bricker Graydon LLP on

In an upward climb, Ohio’s investment in property assessed clean energy increased by over 42 percent from 2018 to 2019. Want to know the details? Check out Bricker’s interactive map of #PACE programs across the state. ...more

Bricker Graydon LLP

Greater Cincinnati Energy Alliance has record-breaking year for PACE financing

Bricker Graydon LLP on

Bricker & Eckler LLP congratulates Greater Cincinnati Energy Alliance (GCEA) on a record-breaking year in Property Assessed Clean Energy (PACE) financing transactions. In 2019, GCEA has closed 24 PACE loans valued at nearly...more

Seyfarth Shaw LLP

Climate Mobilization Act

Seyfarth Shaw LLP on

On April 18, 2019, the New York City Council passed legislation, referred to as the Climate Mobilization Act, which includes bills designed to aggressively reduce carbon emissions produced by New York City’s buildings....more

Bricker Graydon LLP

PACE financing likely to expand as a result of regulation, securitization

Bricker Graydon LLP on

Issued by local government entities, PACE (Property Assessed Clean Energy) bonds allow residential or commercial property owners to finance energy improvement upgrades to their properties. Bonds may be issued and sold...more

Bricker Graydon LLP

Ohio will become fourth state to offer residential PACE for energy improvements

Bricker Graydon LLP on

Homeowners in Summit, Franklin and Lucas Counties will soon have access to low-interest loans for energy efficiency improvements through property assessed clean energy (PACE) financing. In Summit County, the City of Barberton...more

White and Williams LLP

PACE Loan Considerations for Commercial Real Estate Lenders

Property Assessed Clean Energy (PACE) loans provide property owners with financing for “green” improvements designed to increase energy efficiency, water conservation, disaster resiliency and renewable energy solutions. PACE...more

Bricker Graydon LLP

PACE financing used for $3.3 million upgrade of downtown Columbus tower

Bricker Graydon LLP on

Recently, the owner of the 24-story, 360,000-square-foot PNC Plaza office tower, which is located in downtown Columbus, Ohio, wanted to upgrade the energy efficiency of the building. ...more

Foley & Lardner LLP

INSIGHT: PACE Financing—A New Health Care Capital Access Vehicle

Foley & Lardner LLP on

Property Assessed Clean Energy (“PACE”) programs continue to expand across the country. Most recently, on June 12, 2018, Pennsylvania enacted legislation to bring PACE energy programs to that state. This follows the adoption...more

Miles & Stockbridge P.C.

Residential PACE Market Faces a New Hurdle

Property Assessed Clean Energy (PACE) financings are an alternative financing tool used to finance energy efficiency upgrades or renewable energy projects in residential, commercial and industrial properties. PACE financings...more

Ballard Spahr LLP

HUD rolls back PACE financing in single family FHA deals

Ballard Spahr LLP on

In July 2016 HUD issued guidance on the use of Property Assessed Clean Energy (PACE) assessments for single family properties with FHA-insured mortgages. In January 2017, HUD followed with guidance on the use of PACE...more

Miles & Stockbridge P.C.

4 Reasons Why PACE Bonds Are a Good Opportunity to Finance Energy Efficiency Upgrades or Renewable Energy Projects

Miles & Stockbridge P.C. on

Property Assessed Clean Energy (PACE) Bonds are a financing tool used to finance energy efficiency upgrades or renewable energy projects in residential, commercial and industrial properties. Such projects might include...more

Ballard Spahr LLP

California Makes Changes to the Finance Lenders Law

Ballard Spahr LLP on

Recently, several changes were made to the California Finance Lenders Law with various effective dates. Effective immediately, the California Finance Lenders Law has been renamed the "California Financing Law."...more

Allen Matkins

Sustainable Development Update - September 2017 #3

Allen Matkins on

Sustainable Development Focus - Cal State Long Beach adds solar panels on campus - Long Beach Post - Sep 15 - To advance toward a goal of carbon neutrality on campus by 2030, Cal State Long Beach (CSULB) recently...more

Mayer Brown

“PACE” for Residential and Commercial Renewable Energy Projects – What is it?

Mayer Brown on

“PACE” – Is it the new buzzword? Lately, it seems I keep hearing about securitizations backed by PACE financings. What is a PACE financing program, and what is happening in the securitization market?...more

Orrick, Herrington & Sutcliffe LLP

Amendments to California PACE Financing Statutes Become Effective January, 1 2017

On January 1, 2017, certain amendments to California's current statutory schemes for authorizing Property Assessed Clean Energy (PACE) financing programs will become effective. The amendments primarily prescribe additional...more

McDermott Will & Emery

CaliforniaFirst PACE Program Finances Clean Energy Projects for Commercial Property

McDermott Will & Emery on

Property assessed clean energy (PACE) programs are an innovative mechanism for financing energy efficiency and renewable energy improvements on private property. They also present a number of challenges to investors—for one,...more

Ballard Spahr LLP

FHA and VA to Expand Coverage to Properties with Certain PACE Assessments

Ballard Spahr LLP on

The Federal Housing Administration (FHA) has announced guidance intended to clarify circumstances under which residential properties encumbered by a Property Assessed Clean Energy (PACE) special assessment would be eligible...more

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