HPC Responds To PACE Residential
Yesterday the Obama Administration announced the guidance for residential Property-Assessed Clean Energy (PACE) financing, placing a new tool in the toolbox for homeowners to make energy efficiency improvements. The payback on the clean energy loan will be included with the property taxes. An innovative aspect of residential PACE is that, at the time of sale, the PACE assessment will stay with the property itself and remain with the new owner.
"This is a full win for PACE residential and an important step toward scaling the home performance industry. As an alliance of like-minded organizations working to ensure all homes are healthy, comfortable and energy efficient, these new actions support the Association’s cause to create efficient and sustainable homes and communities, for all Americans, of all income levels," said Brian Castelli, President and CEO of the Building Performance Association. With a mission to address key technical and policy issues preventing the development of a vibrant home performance industry capable of delivering healthier and more energy efficient homes, HPC strongly supports this Obama Administration announcement. Read more from the HPC press release.