New PACE Initiative and Guidance

This week, the Administration announced a new initiative to improve Property-Assessed Clean Energy (PACE) programs called the “Clean Energy Saving for All Initiative.”  The initiative aims to increase access to solar energy and promote energy efficiency across the United States, and in particular, low and moderate income communities.  

The Administration’s goal is to bring 1 gigawatt of solar energy to low and moderate income families by 2020.  The initiative also includes new guidance on how to use Federal Housing Administration mortgage insurance with PACE financing, new Department of Energy guidelines on best practices regarding residential PACE financing, and Veterans Affairs policy guidance on how veterans can take advantage of PACE programs through their VA Home Loan Guaranty benefit.