Palo Alto, CA, April 30, 2010 --(PR.com
)-- Property Assessed Clean Energy (PACE) financing has the potential to transform the energy efficiency and distributed solar energy markets. To address the opportunities and challenges for this rapidly emerging financing model, AltaTerra Research (http://www.altaterra.net) will present “PACE Funding: Energy Market Breakthrough?” on Wednesday, May 19th. This 90-minute web conference features Cisco DeVries, developer of the first PACE program in the nation and President of Renewable Funding LLC. Further details and registration are online at http://www.altaterra.net/event/pace.
Named one of the "Breakthrough Ideas for 2010” by Harvard Business Review and a "World Changing Idea” by Scientific American, PACE bonds offer real estate owners upfront financing for energy efficiency and renewable energy systems, which the owner pays back through property taxes over a 15-20 year time period. In the past 18 months, PACE-enabling legislation has been adopted in 18 states. However, “Despite the rapid increase in PACE programs, there are still a number of questions surrounding PACE programs,” said Jon Guice, Managing Director of Research at AltaTerra Research. “For example, mortgaging agencies, such as Fannie and Freddie Mac, have raised concerns and solar companies have questioned stipulations in PACE programs that require energy consumption reductions before solar power systems can be financed.”
In “PACE Funding: Energy Market Breakthrough?” participants will learn how PACE financing works, PACE program challenges, locations and results of current PACE programs, the outlook for PACE programs, and market implications for solar and energy efficiency firms.
Further information and registration are available online at http://www.altaterra.net/event/pace.
A limited number of press passes are available. Press pass requests may be submitted at http://www.altaterra.net/?presspass.
About AltaTerra Research
AltaTerra Research is a research consultancy specializing in sustainable business and the commercial marketplace for clean technology solutions. Through research reports, executive events and advisory services, AltaTerra helps forward-looking organizations improve resource-efficiency in their operations and capitalize on new 'green' market opportunities. From our headquarters in Silicon Valley, we have been serving a global base of corporate, institutional, and government clients since 2007. More information is available at www.AltaTerra.net (http://www.altaterra.net).