PACE Setback: Alternate Strategies Could Save U.S. Investment in Residential Clean-Energy and Efficiency Programs

The Federal Housing Administration (FHA) recently derailed one of the most popular and important tools for financing energy efficiency and clean-energy job creation. The tool, called Property Assessed Clean Energy (PACE), had attracted interest from communities across the country and millions of dollars in federal funding. Now, PACE programs for residential homes are all on hold, or canceled, while states and municipalities consider different strategies.