WASHINGTON, D.C. - The Solar Energy Industries Association (SEIA) announced today the release of two documents designed to spur investment in commercial solar projects. The first document is a contract that combines the benefits of a Power Purchase Agreement (PPA) with Property Assessed Clean Energy (PACE) to provide customers with a valuable new financing option.
The Commercial and Industrial (C&I) sector represents an extraordinary opportunity to deploy solar energy, but has experienced relatively slow growth due to a wide range of complexities in ownership structure, creditworthiness of the end-consumer, and other issues. The Solar Energy Industries Association (SEIA) and an array of industry experts – convened as the SEIA Finance Initiative and its Commercial Real Estate working group – investigated the opportunity, associated barriers, and potential solutions of this underserved market. The culmination of the effort is a valuable whitepaper: Expanding Solar Deployment Opportunities in the C&I Sector: An Introduction to Property Assessed Clean Energy (PACE).
WASHINGTON, D.C. - Following is a statement from Tom Kimbis, interim president of the Solar Energy Industries Association (SEIA), on the Obama administration’s creation of the Clean Energy Savings For All initiative:
Learn about the newly launched Connecticut Property Assessed Clean Energy (C-PACE) program in Connecticut, and how the program will lead to more solar deployment in Connecticut while saving costs for consumers, protecting the environment, and creating jobs. The program allows the State’s newly formed “Green Bank”, the Clean Energy Finance and Investment Authority (CEFIA) to offer property assessed clean energy financing and program services to municipalities and commercial property owners throughout Connecticut. This unique program will serve as a model for other states to follow.
In September 2012 SEIA submitted joint comments to the FHFA's Notice of Proposed Rulemaking on PACE programs. Click the pdf to read more.
In March 2012, SEIA submitted comments to the Federal Housing Finance Agency on Property-Assessed Clean Energy (PACE) Programs.