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Keeping Pace?: The Case Against Property Assessed Clean Energy Financing Programs, Prentiss Cox
Keeping Pace?: The Case Against Property Assessed Clean Energy Financing Programs, Prentiss Cox
University of Colorado Law Review
Property Assessed Clean Energy (PACE) is a method of public financing for energy improvements through special assessments on local government property taxes. Interest in PACE exploded since its inception in 2008, with almost half the states rapidly enacting legislation enabling local governments to use their property collection power to finance residential energy investments. The growth in PACE has been suspended and existing programs have been put on hold in the face of opposition from the federal secondary mortgage market regulators. Governments and environmental advocates supporting PACE have initiated litigation against federal mortgage and banking regulators and are seeking passage of …