We are not ones for pessimism, so we’ll call this the character-building period of the PACE campaign. The California Energy Commission has just announced that they are putting their PACE program on hold. (Read more here). We have scant time before the August congressional recess. This means time is short to get an immediate legislative fix to the PACE crisis.
For the last two months, energy auditors, energy efficiency experts, solar installers, and homeowners have been waiting and clamoring for more guidance from Fannie Mae and Freddie Mac. It was in May that Fannie Mae and Freddie Mac abruptly and without justification changed their policy on the treatment of property tax assessments made pursuant to Property Assessed Clean Energy (PACE) programs. Originally, Fannie Mae and Freddie Mac had decided to treat these assessments like any other assessment, but in May, decided to treat them as