PACE Bonds

Forum on Financing for Clean Energy Building Retrofits

November 10, 2009 -- Hauppauge, NY – On Monday, Rep. Steve Israel spoke about the need to expand Property Assessed Clean Energy (PACE) bond programs at a forum on financing for clean energy building retrofits hosted by the Long Island Regional Planning Council and the Suffolk County Planning Commission. A PACE bond is a small municipal bond where the proceeds are loaned to commercial and residential property owners to finance energy retrofits and who then repay their loans over 20 years via an annual assessment on their property tax bill.    » read more »

Bill provides 100 percent Department of Energy loan guarantees to support PACE Bonds

October 19, 2009 -- Washington, DC – On Monday, Rep. Steve Israel (D-N.Y.) announced the introduction of legislation to support and expand Property Assessed Clean Energy (PACE) Bond programs (H.R.3836).

A PACE bond is a small municipal bond where the proceeds are loaned to commercial and residential property owners to finance energy retrofits and who then repay their loans over 20 years via an annual assessment on their property tax bill. Rep. Israel’s legislation will change the Department of Energy indirect loan guarantee program to provide 100 percent guarantees for PACE bond programs.    » read more »