PACE

SANTEE GOES GREEN

By Nadin Abbott

Photos by Tom Abbott

April 25, 2013 (Santee)—Three items before the Santee City Council this week reflect a growing green agenda. These included adoption of a program to help residents finance solar energy and energy efficiency improvements, declaration of May as bike to work month, and announcing April 27 as Arbor Day, when trees will be planted as part of SanTree Fest.

Council voted unanimously to join FigTree Energy Financing’s Property Assessed Clean Energy (PACE) program, which allows residents to finance solar and energy-efficient projects at low finance rates with zero cost to the city. http://www.figtreecompany.com/

COUNTY TO EXAMINE ENERGY FINANCING OPTIONS; COULD CLEAR WAY FOR MORE CLEAN ENERGY PROJECTS INCLUDING PACE PROGRAMS

Information provided by County News Services

February 28, 2013 (San Diego)--The  County Board of Supervisors this week launched an analysis that could lead to more rooftop solar and other small-scale alternative energy projects across the region. At the urging of Vice-Chairwoman Dianne Jacob and Supervisor Dave Roberts, the board unanimously voted to initiate a detailed look at financing options for homeowners and businesses interested in installing energy-saving systems.

“We’re fortunate to live in one of the sunniest regions in the nation, but the tools needed to help pay for solar panels and related technology are out of reach for many property owners,” said Jacob. “We’re hoping the analysis will help us lift the financial cloud hanging over solar, particularly for homeowners.”

PACE PROGRAM LAUNCHES IN SAN DIEGO: BUSINESSES CAN NOW PAY FOR CLEAN ENERGY INVESTMENTS SUCH AS SOLAR VIA PROPERTY TAXES-- WITH NO UP FRONT COSTS

September 19, 2012 (San Diego)—A new state program to help business owners invest in solar and other energy-saving projects with zero up-front costs launched yesterday in San Diego County. 

The Property Assessed Clean Energy Program (PACE) enables commercial property owners to use their properties as collateral for energy upgrades—and to pay off those costs through their property tax bills.

ATTORNEY GENERAL BROWN SUES FANNIE MAE & FREDDIE MAC FOR BLOCKING PACE PROGRAMS FOR SOLAR FINANCING & ENERGY UPGRADES

 


 “I believe that the PACE program is critical to stimulating our local and statewide economy. I’m glad to see this lawsuit filed so that this novel program can continue.” --San Diego Mayor Jerry Sanders, joining Brown at today's press conference in San Diego

 

July 14, 2010 (San Diego) – California Attorney General Edmund G. “Jerry” Brown today filed a lawsuit against mortgage giants Fannie Mae and Freddie Mac for blocking the Property Assessed Clean Energy (PACE) programs nationwide.  View a video of today's press conference in San Diego:

  

 

 

FANNIE MAE & FREDDIE MAC CAST CLOUD ON SOLAR FINANCING “PACE” PROGRAMS

 

PACE programs are among the most promising ways that ordinary Americans can spur the economy, create jobs, save money and lessen the nation’s dependence on foreign oil…Challenging economic times like ours call for decisiveness and action, not the fear and disinterest exhibited by FHFA.” – Supervisors Dianne Jacob and Pam Slater-Price, in a letter to President Barack Obama

By Miriam Raftery
 

July 13, 2010 (San Diego’s East County) – Last week, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will not buy or sell mortgages for homes enrolled in municipal solar financing programs called PACE (Property Assessed Clean Energy). The programs allow homeowners to spread the cost of rooftop solar and other energy efficiency measures over 20 years, paid as part of their property tax bills.

 

The decision casts a pall over the County of San Diego, which planned to launch its PACE program this summer.