HERO program used by more than 3,000 Fresno homeowners

When the Fresno County Board of Supervisors voted to adopt the HERO program, the goal was to help local homeowners make energy and efficiency upgrades that could reduce utility bills and greenhouse gas emissions while creating local clean-energy jobs. Today, it’s clear that the program is working: through the HERO Property Assessed Clean Energy (PACE)

JinkoSolar partners with CleanFund to offer PACE financing

JinkoSolar announced that its wholly owned subsidiary, JinkoSolar (U.S.) Inc., will partner with CleanFund Commercial PACE Capital to offer long-term project financing to US commercial project customers through the SolarPACE program. SolarPACE is designed to maximize solar energy cash flow to commercial and industrial (C&I) property owners. CleanFund fully funds the installation of the system,

Hillsborough County, Florida approves HERO financing for solar and more

The Hillsborough County Commission has approved a measure that will give homeowners access to the HERO Program, the nation’s largest residential Property Assessed Clean Energy (PACE) financing program. HERO financing is scheduled to go live for homeowners in Hillsborough County and in communities across Florida later this year. HERO, which stands for Home Energy Renovation

How do financiers evaluate commercial solar projects?

By Graham Smith, CEO of Open Energy The cost of solar has declined rapidly in recent years. The United States Department of Energy’s SunShot Program, which set out to achieve a utility-scale solar cost of under $1 per watt, has realized its objective three years ahead of schedule, signaling a victory for the industry. With U.S. solar

$130 million commitment from Route 66 Ventures provides Sunlight Financial with more solar financing options

Sunlight Financial, a leading provider of loans for residential solar systems, announced a new partnership with Route 66 Ventures, a private investment firm that makes credit and equity investments in high-growth companies in the financial services sector. Route 66 has committed $130 million to Sunlight. This investment will allow Sunlight to introduce new financing products,

Wunder Capital makes financing available to solar projects up to $1.5 M

Following the launch of its Term Loan product last spring, Wunder Capital is expanding its scope of project types that are eligible for financing. Wunder, a financier in the small to mid-sized commercial solar market, now services loan requests up to $1.5 million (previously capped at $1 million) and offers debt capital to third-party owned systems.

Berkeley, California, chooses YgreneWorks PACE program for its residents

Berkeley, California, welcomed Ygrene Energy Fund’s YgreneWorks PACE (property assessed clean energy) program to help home and business owners finance a broad range of energy efficiency, renewable energy and water conservation upgrades. To date, Ygrene has been selected by 320+ cities and counties across California and Florida, making it the nation’s leading multi-state residential and

Solar start-up ConnectDER receives funding from PRIME Coalition and Investors’ Circle

ConnectDER, an early-stage company developing a meter collar that enables residential solar to connect to the grid cheaply, safely and rapidly, has closed its $1.1 million Series A round with support from a first-of-a-kind investment collaboration between Investors’ Circle (IC) and PRIME Coalition. Nine individual IC investors were joined by three parties from the PRIME Coalition

MMA Energy Capital reaches nearly $400 million in renewable energy investments

MMA Energy Capital, a Maryland limited liability company and wholly-owned subsidiary of MMA Capital Management, announced that it has reached nearly $400 million in originations of renewable energy investments for the joint ventures it manages, and its own account, since its inception two years ago with volume in 2016 more than tripling 2015 origination volume.

3 misconceptions of PACE financing

This condensed article is based on a report released by Morningstar Credit Ratings and re-posted with permission. Read the full report here. As financing of energy-efficient projects through property assessments becomes more widespread, concerns and misconceptions regarding its use and oversight have become more common. Morningstar Credit Ratings LLC explores three misconceptions it has heard from market