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Cisco DeVries Explains How PACE is Changing

By Roy L Hales

It has been eight years since Cisco DeVries invented Property Assessed Clean Energy (PACE) loans. They were meant to spur the mass adoption of residential solar, but have also proven to be an effective means of financing other energy and water saving devices. If PACE weren’t classified as a tax, it would have been offered through-out America years ago. Instead, five years ago…

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#AB 1883 #AB 2597 #California First #Cisco DeVries #Fannie Mae #FHA #Freddy Mac #Governor Jerry Brown #Hero PACE #Renew Financial

How did California First help bring PACE home?

By Roy L Hales

It has been seven years since Cisco DeVries came up with what Scientific American would later call one of the top 20 “world-changing” ideas of the year. He was the Mayor of Berkeley’s Chief of staff. They were thinking about ways to hasten the adoption of solar technology. DeVries realized the breakthrough they needed was financial rather than technological. The $20,000 or $30,000…

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#AB 1883 #AB 2597 #California First #Cisco DeVries #Fannie Mae #Freddie Mac #Governor Jerry Brown #on-bill financing #PACE #PACE in Berkeley #Renewable Funding

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