Topic: CEAD (aka PACE) - basic facts/talking points

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The very basics of PACE.

  • CEAD = Clean Energy Assessment Districts (aka PACE)
  • PACE = Property Assessed Clean Energy Finance
  • CEAD/PACE Definition: Property owners borrow money from a newly established “municipal financing district” to finance energy retrofits (efficiency measures and micro renewable energy) and repay over 20 years through annual special tax on property tax bill
  • Fannie Mae and Freddie Mac support PACE programs with clear guidelines that are not administratively burdensome and that respect tax treatment of liens.
  • CEAD/PACE's key advantage/innovation: Innovative financing that dramatically improves the economics of energy retrofits (efficiency measures and micro renewable energy) due to
    • the elimination of the upfront cost barrier for property owners,
    • the long term nature of the repayment period,
    • and structuring the payment as annual property tax surcharges

 

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bmcphee
was the last to edit CEAD (aka PACE) - basic facts/talking points
on Jan 15th, 2010 at 4:51 PM
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bmcphee
created CEAD (aka PACE) - basic facts/talking points
on Jan 5th, 2010 at 8:15 PM
 

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CEAD (aka PACE) - basic facts/talking points


Subject Area:

Clean Energy Assessment Districts