Author:Ronald Bethea Published: 3/15/19 PCPC LLC
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PACE programs offer long-term private financing for renewable energy and energy efficiency upgrades to homes and businesses. PACE-enabling legislation is active in 36 states plus D.C., and PACE programs are now active (launched and operating) in 20 states plus D.C. Residential PACE is currently offered in California, Florida, and Missouri. Click your state below to find PACE programs operating in your area.
Using Commercial and Residential Property Assessed Clean Energy (PACE) as a national organizing tool to increase market share for African American owned Solar Development and Solar Installation Company working with African American Mayors Association.
Property Assessed Clean Energy (PACE) is a government financing policy that classifies energy-saving upgrades as a public benefit -like a sewer,road extension, etc.
Enables 100% of hard and soft projects to be fund by private industry and repaid via surcharge on the property tax bill
Payback periods match equipment life (often 20+ years)
Financing is based on the value of the property, which allows the home owner to borrow from 20% up to 35% of the home owner property value.
This eliminates the issue of credit and equity in the property.
For roof repair to get more DC resident roof repaired to qualify for Solar for All Program
*What Mayor Browser Has To still Do.
Appoint the seven voting members of the Green Bank’s governing Board for the Council to confirm — by April 2019.
Continue reaching out to financial and clean energy experts and community leaders to inform the Green Bank’s design and portfolio of projects — throughout 2019.
Hire an Executive Director and other key staff — by Summer 2019.
Establish accountability structures, performance targets, financing tools, and clean energy programs for the Board to approve — by Fall 2019.
Author: Jay Wilson, RA, LEED AP BD+C Published: Date: Tue, Oct 9, 2018
The District of Columbia Green Finance Authority Establishment Act of 2017 (GFA bill) was unanimously approved by the Council of the District of Columbia (Council) in June 2018 and completed Congressional review on August 22, 2018. The Act will establish the District of Columbia Green Finance Authority (GFA or DC Green Bank) as an innovative quasi-public instrumentality of the District government that will facilitate private investment in clean energy technology and green infrastructure by leveraging private capital, removing upfront costs, and increasing the efficiency of public investment in sustainability.
The District Department of Energy and Environment, Office of the Director is pleased to announce the publication of a Request for Proposals seeking one or more grantees to identify, formulate, and develop the critical deliverables necessary to lay the groundwork for the DC Green Bank, building on work completed over the last year. Successful applicants will provide innovative and thoughtful solutions to the following challenges:
What steps, tools, and information are needed to prepare for the successful launch of the Green Bank and how can the grantee assist DOEE and the DC Green Bank in conducting those activities?
The deadline for applications is November 5th, at 4:30pm.
The Request for Application and support documents can be found on the DOEE website, https://doee.dc.gov/node/1360726. Additional
information and questions may be emailed to 2018GFAdevelopment.email@example.com.
An informational Conference Call and opportunity for Question and Answers will be held on 10/11/2018, at 11:00 a.m. The call-in number is: 1-877-784-3995; and Conference Code is: 3127831.
- Connecticut Green Bank
- NY Green Bank
- California Lending for Energy and Environmental Needs
- Rhode Island Infrastructure Bank
- Montgomery County Green Bank (Maryland)
- Hawaii Green Energy Market Securitization
*Financing For Green Bank of Washington DC total 256.6 million
Testimony of Betty Ann Kane, Chairman Public Service Commission of the District of Columbia before the Committee on Transportation & the Environment Council of the District of Columbia On Bill 22-904, the CleanEnergy DC Omnibus Amendment Act of 2018 October 9, 2018 passed by the DC Council October 18,2018 and signed into law by Mayor Browser January 18, 2019.
ISSUE 5: SETF COLLECTIONS Section 201(b) sets forth an annual increase in the SETF fee from Fiscal Year 2020 through Fiscal Year 2032 and every year thereafter. Attachment 6 provides estimated annual SETF fee collections from electric and gas customers for these years and shows the disbursements to the DC Sustainable Energy Utility (“SEU”) and the Green Bank as prescribed under the legislation. As you will see the amount of the SETF fees collected annually from gas customers will more than triple from under $4 million to $13 to $14 million and nearly double for electricity customers from $16 – $17 million to over $30 million in FY 2020. These are significant increases in the costs paid by residential and small and large commercial customers. They constitute additional rate increases that in many instances are larger than the rate increases that the Commission, after full hearing and deliberation, has approved in recent years. When added to the other costs associated with this legislation that we have outlined, the Commission is concerned that they will have a major negative impact on the affordability of electricity and gas service and supply for DC ratepayers. Finally, if you review the last column on the far right of this chart you will see that there will be an average of $12 million annually for a total of $156.6 million in surplus SETF funds after payments to the DC SEU, DOEE and the Green Bank. The Commission questions whether such surpluses will prove too tempting and been diverted, as has unfortunately happened in the past, to pay for services and budget shortfalls unrelated to the purpose of this legislation.