Palm Desert attracts energy advocates to discuss Property Assessed Clean Energy financing solutions, March 3-4, 2011.
Online PR News – 16-February-2011 – – The chance to discuss solutions for Property Assessed Clean Energy (PACE) financing has captured the interest of energy advocates from around the country. Palm Desert’s PACE Solutions conference March 3-4 will showcase existing PACE programs, both residential and commercial, from Palm Desert, Sonoma County, Ohio, and New York. Program designers and managers will share best practices and the impact their programs are having on jobs and energy savings in their local communities.
Two years ago, California bill AB 811 launched programs whereby cities and counties were able to offer low-cost financing to residents for energy upgrades through a lien attached to the property. Similar legislation, now called PACE, spread quickly across the country, but in 2010 activity was halted when the Federal Housing Finance Authority announced that mortgage aggregators were not to accept loans with PACE liens attached.
The PACE Solutions conference is designed to show that despite this setback, PACE is alive and well in certain sectors and there is widespread interest in removing current roadblocks.
Attending are industry experts seeking ways to expand PACE activities, including:
• Law firms, like Richard, Watson, & Gershon, who are actively disputing the FHFA’s ruling
• Organizations and political leaders seeking legislative fixes to the challenge, including PACENow
• Private and public finance leaders such as Wells Fargo Bank, Barclay’s Bank, the Clinton Climate Initiative, Stone & Youngberg, and investment capital funds like Ygrene Energy Fund – all focused on managing risk while accelerating economic development through PACE
• Corporations like global corporation Johnson Controls and Renova Energy Corporation, a Palm Desert solar company, looking for the business opportunities that will emerge through PACE-funded energy upgrades
• Utilities like Southern California Gas and Southern California Edison, who understand how PACE fits into the state’s goals for efficiency.
Unlike many conferences, aimed solely at education, PACE Solutions: Bringing AB 811 Home aims to craft a “Palm Desert Accord” -- a blueprint for collective action that will restore PACE to its full potential. Participants will have the opportunity to shape and sign the Accord.
The Conference will be held at UC Riverside’s Palm Desert Graduate Center, March 3-4. Full description, background information and complete two-day program are now available on the EcoMotion website, with a link to online registration. Information on accommodations and travel is also available. Registrants will receive pre-conference material, and during the conference will have opportunities to meet and network with peers at an evening reception at Desert Willow, the City-owned golf resort. The City of Palm Desert has also offered a discounted rate for 9 holes of golf on the afternoon following the conference.
For Conference Questions, contact Maria Jauregui via email at firstname.lastname@example.org or by phone at (949) 450-7152.