1. Energy Efficiency Financing
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PACE FINANCING DISTRICTS

2. Learning Objectives
1. Explain what's holding up energy efficiency investments today.
2. Compare the various influences that impact energy efficiency
investments.
3. Define the approach owners use in assessing investment risk in
energy efficiency project.
4. Explain property assessed clean energy programs, how they work
and how to use them to finance energy efficiency projects.
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3. Growing Model
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4. 4
LOCAL GOVERNMENT:
Form District Under State
PACE Legislation
LOCAL TRADES:
Utilize the Fund to
Market Projects
PROPERTY OWNERS:
Access the Fund to
Finance Projects
Form a Public Private Partnership

5. What are the mechanics of PACE?
Property Owners:
•Voluntary to participate
•Utility bills decrease due to energy and water savings
•Little or no upfront costs for upgrades
•Payments are low and fixed
Local Governments:
•Elect to participate
•Promotion of increased energy and water capacity to prospective
employers
•No risk to general fund
•Substantial progress in achieving water and energy consumption
reduction goals

6. How it Works?

7. © 2011 Ygrene Energy Fund All Rights Reserved
PACE Case Studies
City Program Type Projects Funding Notes
Palm Desert
Energy Independence
Program
(CA)
PACE;
Residential
& Commercial
220
(Res = 216,
Comm = 4)
$7.5M 8.4% job growth in
construction trades
ClimateSmart –
Boulder County
(CO)
PACE;
Residential
598 $20M Launch 2009; 126
short-term jobs;
$125k savings for
residents in 1st
year
Sonoma County
Energy Independence
Program (CA)
PACE;
Residential &
Commercial
1,329
(Res = 1,290,
Comm = 39)
$42M 5.3 MW;
3100 mtCO2;
54 job years
Long Island Green
Homes – Town of
Babylon (NY)
PACE;
Residential
678 $5.6M Approx. 30 new
full-time direct jobs
(verified)
Berkeley PACE;
Residential
13 projects
completed
$336,552
(7 ¾%
interest)
Launched 11/5/08
9 mi.—40 App’s

8. Key Points of PACE Programs
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9. Questions?
Ben Taube, Regional Director
Ygrene Energy Fund
404-931-1518
Ben.taube@ygrene.us
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10. Questions?
Ben Taube, Regional Director
Ygrene Energy Fund
404-931-1518
Ben.taube@ygrene.us
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