Tag Archive
California Sues Mortgage Giants Over Solar Financing
Last week, Fannie Mae and Freddie Mac, giant financial institutions created by the federal government to buy up mortgages in order to make homeownership affordable, effectively blocked the implementation of a novel form of solar financing called PACE, or Property Assessed Clean Energy, by stating that they would not guarantee any mortgages on properties that [...]
Feds Block San Diego Solar Financing
Recently, a new solar financing mechanism called Property Assessed Clean Energy (PACE) was approved and financed through the American Recovery and Reinvestment Act. With PACE, city governments issue municipal bonds in order to give out loans to home or building owners to finance the purchase of a solar power system for their home or building. [...]
