PACE

PACE industry responds to Congressional efforts to change program’s rules 

Earlier this week, a group of senators and representatives introduced bills in both houses of Congress that would change the rules for loans created by the Property Assessed Clean Energy program. When introducing, some of the bill’s sponsors said the PACE program is a “scam” and the industry is bereft with “predatory” lenders that “trick” unwitting homeowners. The PACE industry unsurprisingly disagrees with those allegations.