Podcasts about property assessed clean energy

Roy L Hales/Cortes Currents - In 2008, the city of Berkely had a problem. They wanted to hasten the adoption of solar technology, but the $20,000 to $30,000 bill was too steep for a lot of homeowners. Cisco DeVries, the Mayor's Chief of Staff, came up with what Scientific American would later call one of the top 20 “world-changing” ideas of the year. The capital would come from private investors, but homeowners could finance energy upgrades through their property taxes. Since then, Property Assessed Clean Energy (PACE) programs have provided more than $13 billion for solar installations and energy saving improvements for homes and businesses in the United States. Cortes Island resident Brian Scott would like to see PACE made available to British Columbians.    “I represent two things, an idea and an organization. The idea is the PACE financing tool, which will not be ‘the magic bullet' but is very close when it comes to our need to address climate change quickly.  PACE specifically addresses the fact that roughly a third of our greenhouse gas emissions come from residential and commercial buildings. I'm representing the concept and promoting it. I also represent PACE Alberta and PACE Canada,” he explained.  “The key that makes PACE work is that the homeowner isn't borrowing the funds. Their house is borrowing the funds effectively. It doesn't impact their credit rating.  It shouldn't even impact their mortgage because essentially it's just like a  local improvement charge. The bottom line is when you borrow PACE money to upgrade your house, that borrowing effectively flows through the taxation authority and you repay the borrowing through your taxes.” “PACE unlocks our motivation right across the board, whether it's personal, whether it's private, whether it's government, et cetera. It removes the barriers and it makes it easy to become a sustainable champion and to take action. The proof is that in the US: where those measures have been properly implemented, PACE is growing exponentially. In Canada,  it's a turtle. That's really the bottom line.”

Stephanie Mah, Senior Vice President, Structured Finance Research at Morningstar DBRS, joins host Patrick Dolan to discuss the latest trends across the commercial and residential Property Assessed Clean Energy (PACE) financing. We examine the current size and scope of the commercial PACE market in comparison to the residential PACE market, and discuss the challenges faced by the residential PACE market including the factors influencing its trajectory. Additionally, Stephanie sheds light on potential reasons for the slow uptake of the NYC C-PACE program and explores factors that could catalyze its acceleration.

Greg Saunders, CFO of Ygrene Energy Fund, joins us to discuss PACE financing and what asset-backed securities (ABS) investors like about the asset class, how Ygrene differentiates itself from competitors, how he foresees the PACE market changing in the coming months and years, given the increased focus on clean energy from the White House, what is really going to create scale in the PACE asset class, and how environmental, social and governance (ESG) plays into securitization.

Why Are Real Estate Developers Using C-PACE Financing? First off, what is C-PACE financing? C-PACE is a PACE loan for commercial properties. As of January 2020, 2,400 commercial projects have been completed – that's over $1.5 billion in funded projects! Property Assessed Clean Energy (PACE) is an innovative way for owners to pay for upgrades to buildings. It is a state-legislated public/private partnership that covers 100% of improvement costs and 20%-30% of a building's value. These loans are repaid through a tax assessment on the property for up to 30 years.' PACE is modeled after methods to fund public benefits such as roads, sidewalks, and fire departments. Funding comes from private capital sources. PACE Equity offers a turnkey solution that provides funding capital, energy engineering, and project governance to provide surety of close for building owners and developers. Our experience is unmatched! PACE Equity is using PACE in never-before-seen ways, and our team has completed over 150 projects nationwide. We operate with PACE, Property Assessed Clean Energy, an innovative way for owners and developers to leverage better returns. PACE Equity covers 100% of the improvement costs (20% of a building's value), repaid through a tax assessment on the property for up to 30 years. Now do you see why real estate developers are using C-PACE financing? More: Property Assessed Clean Energy (PACE) is a legislated public/private partnership which creates a new financing option for your capital stack. Your construction budget can use our private capital funding for costs which impact energy & water spend, renewable improvements or seismic strengthening (select states). The repayment of our capital is made through a long-term special tax assessment on the property.

What is C-PACE Financing? (Commercial Construction Financing) C-PACE is a PACE loan for commercial properties. As of January 2020, 2,400 commercial projects have been completed – that's over $1.5 billion in funded projects!

Today I will be continuing my conversation with Bob Mattler, Manager of Green Portfolio Solutions LLC, about PACE aka Property Assessed Clean Energy. This is part 2 of a 2 part series on PACE, so if you missed part 1, feel free to go back and check that out. As a refresher, PACE is a financing mechanism for energy efficiency, renewable energy, and water conservation projects. Follow us on social media @sustainabiliME.pod Lean and Green Michigan: https://leanandgreenmi.com/ PACE: https://www.pacenation.org/ Bob Mattler: greenps14@gmail.com

Today I will be speaking with Bob Mattler, Manager of Green Portfolio Solutions LLC, about a topic called PACE. PACE, aka Property Assessed Clean Energy, is a financing mechanism for energy efficiency, renewable energy, and water conservation projects. Bob has a ton of good info to share, so this will be part 1 of a 2 part series. Follow us on social media @sustainabiliME.pod Lean and Green Michigan: https://leanandgreenmi.com/ PACE: https://www.pacenation.org/ Bob Mattler: greenps14@gmail.com

What is C-PACE Financing? ✓Property Assessed Clean Energy (PACE) is an innovative way for owners to pay for upgrades to buildings ✓A state legislated public/private partnership ✓Covers 100% of the improvement costs, 20%-30% of a buildings value, repaid through a tax assessment on the property for up to 30 years ✓PACE is modeled after methods to fund public benefits such as roads, sidewalks, and fire departments ✓Funding comes from private capital sources ✓2,400 Commercial Projects Completed – $1.5b in funded projects (January 2020) ✓PACE Equity is a turnkey solution providing funding capital, energy engineering, and project governance to provide surety of close for building owners and developers. ✓Our experience is unmatched; PACE Equity is using PACE in never-before-seen ways, and our team has completed over 150 projects nationwide. ✓We operate with PACE, Property Assessed Clean Energy, an innovative way for owners and developers to leverage better returns. ✓PACE Equity covers 100% of the improvement costs (20% of a building’s value), repaid through a tax assessment on the property for up to 30 years. Watch this informative episode to learn how PACE Equity can help you increase cashflows and discover the PACE Equity advantage!

Co-founders of Possible Planet, Jonathan Cloud and Victoria Zelin are on a mission to finance the transition to a regenerative future by creating strategies to attract capital and investment in clean energy.   Today's conversation is about PACE, (Property Assessed Clean Energy) — a source of financing that: 1) requires no money out of pocket to make clean energy property improvements, 2) pays for itself with clean energy savings and 3) attaches the cost to the property rather than the property owner.   Join us to learn more about this game-changing innovation in financing that can help fund the transition not only to net zero buildings, but to buildings that capture more carbon than they emit.

Barry Owens, General Manager of Treetops Resort, joins Chris Holman on the Michigan Business Beat. They discuss the ongoing winter outdoor sports season then focus on Treetop's involvement in the Property Assessed Clean Energy ("PACE") programs. » Visit MBN website: www.michiganbusinessnetwork.com/ » Subscribe to MBN’s YouTube: www.youtube.com/channel/UCqNX… » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/

Tune in to another episode of the Investor Financing Podcast to learn about C-Pace financing and the many solutions it can provide for real estate developers. You can even potentially do a retroactive refinance up to 3 years after completion! Retroactive Refinancing with C-Pace Provides: - Access to liquidity reserves - Reduction of debt - Coverage for cost overruns Property Assessed Clean Energy financing, or PACE financing, is private capital available to building projects at a low cost, using utility, water, or operations energy efficiencies. PACE is a program legislated at the state and then municipal level that allows private investments to fund energy loans for improvements to buildings through a tax assessment lasting 20 to 25 years. For more information call or text Beau Eckstein at 925.852.8261

Copyright 2020 - The Energy Show, Barry Cinnamon Unless you're totally off the grid -- both literally and figuratively -- you know that there are power shortages in California. With California experiencing hotter weather, people working at home, dirty power plant retirements, fires, and Public Safety Power Shutoffs, power outages have become a fact of life. But the solution to these problems does not have to exclusively be more power generating capabilities. Demand Response is a concept that describes the reduction in power consumption by utility customers to better match the available supply of power. An example would be if homes and businesses reduced their air conditioning needs — by simply raising the set point on their thermostats — during a peak power demand event at 4 PM on a hot summer day. There are challenges to implementing Demand Response programs, including communicating to customers when they should cut back their power usage, compensating these customers for their inconvenience (keep in mind that utilities profit when they don't have to purchase very expensive peak power), and installing the hardware and software necessary to initiate and support these services. OhmConnect has a better way to for customers to participate in Demand Response without expensive equipment and metering. Their approach is to use your existing internet-connected thermostat and smart plugs, in conjunction with data from your electric meter, to provide these Demand Response benefits to the grid. Their business model is simple: customers get paid for lowering electric usage during high demand, and utilities can keep the power on without purchasing expensive peak power. My guest on this week's Energy Show is Cisco DeVries, CEO of OhmConnect. Cisco is a legend in the energy industry, having transformed solar financing by pioneering Property Assessed Clean Energy financing programs (PACE). Now he is transforming Demand Response with OhmConnect. Please join me as we discuss how Cisco and the OhmConnect team are deploying their technologies to help reduce power demands during peak periods.

Warshaw Burstein real estate finance partner Mike Zukerman discusses Property Assessed Clean Energy (PACE) Programs. These programs are an innovative and increasingly popular mechanism for financing energy efficiency and renewable energy improvements in both commercial and residential real estate developments. PACE programs allow a property owner to finance these up front improvements and pay the cost back over time through a voluntary assessment. The number of states and municipalities that have enacted these programs is growing.

Bernie Mason, RMA's Regulatory Affairs Liaison, discusses the CFPB's Advanced Notice of Proposed Rulemaking regarding residential Property Assessed Clean Energy financing.

Listen as host of Tampa Home Talk "Katrina Madewell" interviews Pasco County Tax Collector!  "Understanding PACE" - Things you should know about participating in the residential "PACE" (Property assessed clean energy program!" Listen Live on Tampa Home Talk! Tune in every Friday at 9:00 AM on Money Talk 1010 AM, 92.1 FM 99.5 HD(2) or 103.1 FM  

Theresa Garza joins us to gab about the HERO program, a way to help home and property owners make energy efficient home improvements and help finance them in a new way.  The HERO program is launching in Missouri in 2017 and utilizes PACE financing. PACE, or Property Assessed Clean Energy is a way to finance energy efficiency upgrades or renewable energy installations.  The HERO program helps homeowners and property owners get approved for PACE financing and connects them with qualified HERO contractors to perform the work.  The HERO Program can be used for heating and cooling systems, roofing, energy-efficient doors and windows, and solar.   Read more at The Green Home Coach Website! The Green Gab Podcast Links Bar:  Subscribe via iTunes |   Subscribe via RSS Feed |  Facebook Page |  Twitter Page |  Stitcher Page Connect with The Green Gab Podcast Hosts: — Marla Esser Cloos on – The Web – Twitter – Facebook – LinkedIn — Tony Pratte on – The Web – Facebook – LinkedIn  Green Gab: About the Hosts of The Green Gab Podcast: Green Gab Podcast Host Marla Esser Cloos is the Founder of The Green Home Coach – a company leading the way to inspire you to learn about, focus on and put into place Green Solutions when it comes to your life, home building and more. Marla is an NAHB Master Certified Green Professional, LEED AP and Missouri Woman Business Enterprise. She Earned her B.S. in Engineering and Public Policy and a Certificate in Energy from Washington University. Click here to learn more about Marla at her website online via TheGreenHomeCoach.Com Connect with Marla Esser Cloos on – The Web – Twitter – Facebook – LinkedIn Green Gab Podcast Host Tony Pratte is the Director of Builder/Contractor Relations at The Sound Room in St. Louis, Missouri. Tony is a graduate of St. Louis University, Massachusetts Institute of Technology and has earned a Masters in Environmental Management & Sustainability at Harvard University Tony’s 20+ year career has allowed to him to collect a number of experiences, connections and perspectives that offer an incredibly unique point of view that adds incredible value to each episode. Connect with Tony Pratte on – The Web – Facebook – LinkedIn

This episode is all about Property Assessed Clean Energy, or PACE -- a relatively new financing mechanism that allows property owners to pay for energy efficiency and clean energy upgrades without spending a dime out of pocket. Our guest is Gerard Neely, Manager of Maryland Commercial PACE, a statewide administrator for commercial PACE projects across Maryland. We discuss how the PACE financing mechanism works; how PACE got its start; the extent to which PACE has been adopted nationally; statistics about PACE in Maryland and other states; and close with Gerard's prediction about the future of PACE financing. Other references mentioned in the show include: PACE Financial Servicing Connecticut Green Bank Maryland Clean Energy Center PACE Nation Clean Energy Leadership Institute And last but not least, Cumberland, Maryland's Queen City Creamery   Recorded July 6, 2017 Published July 10, 2017

PACE financing, or Property Assessed Clean Energy, started out about 10 years ago as a financing mechanism for residential solar. Basically, the cost of the solar system is repaid over a 5 to 20-year timeframe as a part of the building's property taxes. The benefits are that the property serves as security for the loan, there is almost no repayment risk (everyone must pay their property taxes), interest is deductible, customers are almost always cash flow positive in the first year, and the property can be transferred more simply than if there is a standard solar lease or PPA. These advantages also apply to PACE loans for commercial solar installations – with two extra benefits. First, many commercial PACE loans are structured in such a way that the tax and depreciation credits are front weighted so that commercial property owners are very cash flow positive in the first few years. Second, many commercial leases are triple net — in other words the tenant pays for utilities, taxes and maintenance (in addition to utilities). If there is a solar PACE loan on the property, the tenant gets the benefit of lower electricity costs and automatically pays for the slightly higher tax assessment from the solar PACE loan. Voilà – no cost to the building owner. My guest on this week's Energy Show is Brandon Deno, Vice President of Solar at Clean Fund. Clean Fund is the leading provider of PACE loans for commercial buildings. Please Listen Up to The Energy Show on Renewable Energy World as Brandon explains the ways in which solar developers and building owners can take advantage of PACE loans for their commercial properties.

We all know that using less energy pays (don't we?) by cutting utility bills, reducing demand for fossil fuels and belching less carbon into Earth's climate. But the issue of how to pay for energy efficiency upgrades to your home or commercial property can be a hurdle too high to leap. Enter PACE, Property Assessed Clean Energy, a financing process that ties the value of improvements - and lending to support them - to the value of your property, not to your personal credit capacity. Across Missouri, including the KDHX service area, the HERO program is connecting municipalities (they levy property taxes) to lenders to energy-smart contractors to property owners to build PACE into our energy usage.                    John Maslowski, VP of Marketing and Development for HERO in Missouri, tells Earthworms host Jean Ponzi the what-why-how of PACE. The program's website includes a spiffy animation that explains it too. John and Jean go into what kinds of efficiency measures HERO can finance, connecting with contractors, and what's in this benefit package for local communities and property owners. In the KDHX listening area, HERO is available in 7 St. Charles County and 14 St. Louis County communities, the City of Arnold in Jefferson County, and all of Franklin and Greene Counties; also in the Kansas City and Columbia areas. Check with your mayor or City Manager if your municipality is not on the HERO list; other PACE programs are at work here too, or PACE can come to your community. PACE is a great deal. We hope this podcast energizes you! Music: Lime House Blues, performed live at KDHX by the great Del McCoury, August 2013.  THANKS to Josh Nothum, Earthworms engineer. Related Earthworms Conversations: Energy Efficiency: Policy, Financing and Relationships that Power It All with Josh Campbell, Missouri Energy Initiative - September 2016.   

On tonight’s edition of “Powering Michigan’s Future” we’ll discuss an upcoming technology event called “Manufacturing in America” being held later this month at Ford Field with Jay Fuhr of Electro-Matic, learn about an effort to support area Veterans with Mike Conflitti of IBEW Local 58 and learn how Property Assessed Clean Energy or PACE financing can help business owners upgrade their buildings with no out of pocket cost with Andy Levin, Founder of Lean & Green MI.

Commercial solar has lagged behind utility scale and residential solar for two reasons. The first is that paybacks for commercial solar have historically been longer than CFO's would like -- anything over 3-4 years is a “big” decision and usually gets pushed aside. The second reason is that the financing structures for commercial solar were complicated; although leases and PPAs are effective in reducing operating costs, they are not necessarily good long term investments. New financing options for commercial solar are changing this picture. Banks are getting more involved in providing unsecured loans for solar installations, and secured solar loans are becoming available that offer relatively low interest rates. Property Assessed Clean Energy, or PACE loans are perhaps the most significant innovation. PACE loans are secured by the property itself, and are paid back as part of annual tax assessments. If the property is sold the loan on the solar improvement automatically goes to the new owner. The loan debt typically does not show up on a company's balance sheet. And if the property is leased to a tenant with a triple net lease in which the tenant pays an allocated part of the property taxes, then a portion of the solar repayment loan can be automatically passed on to the tenant (who in exchange gets the benefit of free solar electricity). If you own or have a long term lease on a commercial property in a solar friendly state, please Listen Up to this week's Energy Show on Renewable Energy World for the latest on financing options for your commercial solar installation.

A rooftop solar system is an expensive up-front investment. The typical 5 kw system costs about $20,000 – or $14,000 after the 30% investment tax credit (which expires on 12/31/16). Solar leases and loans have made it possible for hundreds of thousands of homeowners to go solar without any initial up-front investment. Now there is a new solar financing product called PACE that makes it easy for just about any homeowner to qualify for a low interest solar loan. PACE stands for Property Assessed Clean Energy. A PACE loan is repaid as part of a homeowner's annual property tax assessments, and is automatically transferred to the new owner as part of the property. For example, a $20,000 rooftop system could be repaid in 15 annual tax bill payments of about $1,500. If the home were sold after ten years, the new owner would simply take over the remaining five years of principal and interest payments. Interest rates and terms on PACE loans are about the same as standard bank loans. Since the loan is secured, interest payments (and sometimes principal) are tax deductible. What's the hitch? PACE loans are not yet available everywhere. But as they proliferate, PACE loans will become another popular way to finance rooftop solar. My guest this week is Cisco DeVries, CEO of Renewable Funding. Cisco pioneered the use of PACE financing for rooftop systems in Berkeley in 2007, and is now working to roll out PACE for both residential and commercial installations all over the U.S. Please Listen Up to this week's Energy Show for more details on how a PACE loan could work on your own home – or your next solar project.

September 10 2014 - On tonightrsquos edition of ldquoPowering Michiganrsquos Futurerdquo wersquoll discuss the status of Alternative Fuel Vehicles with Laura Palombi and John Rego with Clean Energy Coalition get an update on the expansion of the Electric Vehicle market with Tom Bowes Director of Education and Outreach at the Detroit Electrical Industry Training Center and learn more from Andy Levin Founder of Lean amp Green Michigan who is advancing Property Assessed Clean Energy or PACE Districts in the region about their upcoming PACE Contractor Training.

Tonight39s edition of quotPower Michigan39s Futurequot will explore Property Assessed Clean Energy or PACE financing the quotEV Anywherequot intitiave for the City of Detroit and the National Adopt-A-Watt program. Our guests tonight include Andy Levin Founder of Lean amp Green Michigan Kwabena ldquoQrdquo Johnson with Detroit Electric and EV Anywhere and Tom Withers of the National Adopt-A-Watt program. Wersquoll discuss the various ways they are providing business owners and the community with ways to reduce energy costs through a variety of innovative initiatives.