PACE Solar Accelerates Across California

The state of property-assessed clean energy (PACE) is strong, and getting stronger. After a few stumbles, the concept of helping homes go solar through annual property taxes that remain with them, thereby increasing their value over time, has predictably become a renewable energy no- brainer.

Last week, California treasurer John Chiang suspended administrative fees for PACE’s loss reserve program, which he promised would save homeowners hundreds of thousands of dollars while making it “more affordable for more Californians to make green investments in their own homes.” Last month, San Francisco dropped its previous obstructions by reviving its residential PACE program, following on the heels of a Los Angeles County Board of Supervisors PACE vote in June. From Renovate America’s HERO program to the recently created Ygrene Energy Fund and beyond, more and more PACE providers are gearing up to offer residential, commercial, industrial and agricultural property owners opportunities to solarize their structures and decrease their emissions for mutual community benefit.