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PACE Financing Is the Solution to America’s Silent Housing Crisis

PACE Financing Is the Solution to America’s Silent Housing Crisis

PACE Financing Is the Solution to America’s Silent Housing Crisis, Renew Financial, CA

In January, my company, Renew Financial, announced it had financed over $1 billion in clean energy and energy efficiency upgrades. It is an exciting and important milestone. In 2008, after inventing Property Assessed Clean Energy (PACE), I started Renew Financial with visionary and determined people who believe in the power of this financing product. No other financing tool has the ability to truly transform our energy use and democratize access to clean energy.

PACE is a simple concept: empower property owners to finance the entire cost of certain efficiency and renewable energy upgrades to their homes and businesses, and then gradually repay those costs as a line item on their property tax bill. The concept may be simple, but the goal is big: allow everyone to live more comfortably and affordably by embracing energy efficiency and renewable energy projects. This goal is aligned with public demand — poll after poll shows Americans want more clean energy and energy efficiency.

Read the full article on Renewable Energy World