Congress should restore PACE program
PACE programs provide long-term, private funding for solar power and energy efficiency, with no burden to taxpayers or ratepayers. Homeowners make repayments for the installations in their homes through property tax assessments over many years.
Twenty-seven states have passed enabling legislation for PACE, but the Federal Housing Finance Agency (FHFA) effectively killed PACE last year because of concerns over seniority of liens.
The newly-introduced PACE Protection Act (HR2599) seeks to restore these innovative and wildly popular programs while satisfying FHFA's concerns.
There's no downside to PACE. We hope our congressional delegation will restore the PACE revolution by voting for HR2599.