Stoel Rives LLP is the Salt Lake City host for the monthly ABA/ACORE
Renewable Energy Teleconference Series. The title of this month's
teleconference is:

PACE (Property Assessed Clean Energy) Financing - Growth for Renewables and Energy Efficiency
 

Property Assessed Clean Energy (PACE) financing is a trend sweeping the country, already adopted by 20 states--red and blue--in all parts of the US. and being promoted by the Vice President’s Middle Class Task Force. Its significance for future renewable energy developments extends in four key directions as a source of new growth as:

• a means for homeowners to affordably spread the high initial capital investment of solar or energy efficiency facilities;
• a way to expand the distributed energy model in metropolitan settings, otherwise cash strapped to do so, through the creation of special energy improvement districts;
•   a foundation for the type of large scale privately- sponsored buildings retrofit programs whose implementation has proved so elusive;
• a vehicle to cooperatively combine the potential for renewables and energy efficiency to develop grass roots support.

All these significant benefits occur from the humble base of the adaptation of a well established public financing technique to smaller municipalities and their needs for innovative forms of new financing.

At a time when Federal support for renewables possibly may diminish or be redirected for budgetary reasons, and the challenge of market scale-up faces both established renewables and new disruptive technologies alike, it is important and encouraging for all renewable and distributed energy proponents to understand the potential, applications and growth opportunities created by PACE.

This Teleconference program has assembled three key perspectives on PACE by bringing together PACE experts from the national labs, the private financing sector, and the local/state government perspectives. From their collective interaction on the panel, you will learn:

• the economics and policy foundations of PACE;
• how PACE financing will be scalable;
• how grassroots PACE programs are evolving and adapting to the requirements of different types of facilities and legal systems in different locales.
• pros and cons of this new innovation through market based experience of the panel

In short, understanding the potential of PACE, and more generally of public finance initiatives, is an important complement to understanding “big picture” Federal initiatives in a changing regulatory and market environment.

To register: Call or email Melanie Williamson at (801) 715-6662 or mwwilliamson@stoel.com.  Click here for more information on this event.