Property Assessed Clean Energy (PACE) financing has grown since its 2008 start as a solar financing tool, to include energy efficiency projects. PACE allows local government to administer efficiency loans using private capital and the jurisdiction’s property tax system. Local taxing agencies assume new responsibilities, in between private lenders and private property owners.
Agriculture Secretary Tom Vilsack today announced that USDA will take new steps to save consumers money on their energy bills in partnership with rural electric cooperatives. USDA plans to provide rural electric cooperatives up to $250 million to lend to business and residential customers for energy efficiency improvements and renewable energy systems.
TORONTO Consumers will get an extra incentive to do energy-efficient renovations on their homes under a new conservation program in Ontario’s latest long-term energy plan.
Upfront financing will be provided, with homeowners paying it back over time on their utility bills, increasing the value of their properties while helping to cut pollution and save energy, said sources familiar with the plan to be unveiled Monday by Energy Minister Bob Chiarelli.
In the final hours of the 2010 Florida legislative session, with the finish line in sight, legislators exchanged celebratory hugs, shook hands and snapped photos. But there was one more bill to consider.
Bank of America Corp. (NYSE: BAC) is having a bit of an unusual bond sale, and it is something we might have overlooked had it been anything else but this. The bank has issued a $500 million bond issue that is called a “green bond” by name. Issuing the green bond is meant to support Bank of America’s commitment to advance renewable energy initiatives and to promote energy efficiency.
Philips Lighting last week announced a contract with Washington Metropolitan Area Transit Authority (WMATA) to install LED lights at 25 parking garages at Washington Metro stations. The fixtures, or luminaires, have a wireless control system with sensors for daylight and motion to optimize energy efficiency while delivering enough light to meet WMATA’s safety requirements.
California’s massive building code revisions, called Title 24, target achieving sea-changing growth in energy efficiency investments by eliminating the conflicted and uncertain economics that currently constrict energy efficiency project financing.