Energy Department Releases Draft Updated Best Practices for Residential PACE Financing Programs
As part of the Obama Administration's Clean Energy Savings for All Initiative, the U.S. Department of Energy (DOE) today released best practice guidelines for Residential Property Assessed Clean Energy (PACE) programs. PACE is an innovative mechanism for financing energy efficiency, solar, and related improvements. DOE's updated best practices guidelines will enable more states and communities to adopt and implement residential PACE programs, unlocking access to affordable financing to reduce homeowners' energy bills, achieve more resilient homes and communities, and create jobs. DOE will also provide technical assistance to make it easier for states and communities to stand up effective PACE programs.
The updated guidelines also incorporate advancements in DOE residential energy efficiency analytical tools and resources, such as the DOE Home Energy Score and Standard Work Specifications, and step-by-step program guidance available through the Better Buildings Residential Program Solution Center. These tools and resources can be used by PACE program administrators and participants to plan, develop and implement programs that effectively deliver home energy upgrades to participating households in their jurisdictions.
- U.S. Department of Energy, Office of Energy Efficiency and Renewable Energy Progress Alert
- Best Practice Guidelines for Residential PACE Financing Programs
- FACT SHEET: Obama Administration Announces Clean Energy Savings for All Americans Initiative
- ABA Banking Journal: Agencies Issue New Guidance on PACE Loans
- Builder Online: FHA Will Soon Insure Mortgages with PACE Loans
- Home Performance Coalition: Home Performance Coalition (HPC) Applauds White House Move to Advance Access to Residential PACE for All American Homeowners
- Imperial Valley News: Energy Department Releases Draft Updated Best Practices for Residential PACE Financing Programs