Does anyone know if North Carolina is considering this type of financing or if it has been discussed?

Views: 167

Reply to This

Replies to This Discussion

You should contact Ryan Miller at the NCBPA.  Their web site is www.buildingnc.org.  

Hero is in Kansas City part of Missouri and most of California.  heroprogram.com   support is very big.

google  
(Property Assessed Clean Energy)  it takes a lot of support to make this financing work 

Be very careful with PACE. It's value to consumers is of dubious value.

There is a lot of evidence suggesting improvement residual value is only a small fraction of the cost, so there is value theft there. There are also stories of PACE putting people into negative equity situations which prevent them from selling their homes. 

There is a lot of evidence that this complex financing mechanism has high fees, high interest rates, and is being fraudulently sold (as usually happens to unsophisticated consumers when exposed to complex financing tools - think 2008). Please explain to me how 6-10% interest rates, plus origination fees, is a good deal secured financing?? This may be good for contractors and bankers, but I don't think it's concerned with the consumers welfare. 

Don't be deceived by consumer enthusiasm if the interviews occur BEFORE they've received their new tax bills. These are people who've received shiny objects without yet having to make a payment. 

To me the premise of PACE is flawed on a lot of levels. It is tremendously opaque WRT consumer value. I think it was developed either by fart sniffing greenie simpletons or by predatory capitalists. 

Here are some supporting articles:

http://bit.ly/PaceWSJ

http://bit.ly/pacesucksMBA

http://bit.ly/PACEsucks

I'm with Ted. We need to be very careful with the consumer perception of Home Performance. There is mounting evidence that PACE is not great for consumers. If we promote it heavily, we own the consequences. Like Indiana Jones said, "I have a bad feeling about this..."

I do wish there were better options out there, but at least home equity lines are once again a tenable option in many markets.

A new variety of financing that combines on-bill with secured or unsecured financing tied to a utility bill would be far better. It would also drastically reduce the opacity that comes with having a payment tied to a tax bill that we never see.

I won't let my utility bills come out automatically because I want to know what's going on. As soon as we don't watch, we get hosed. I've learned the lesson again and again, but that's exactly what PACE does - it makes a loan hard to watch.

Thanks Larry for the plug!  Horace - We have been leading efforts to enable Commercial and Residential PACE for a year now.  We have a C-PACE bill drafted and are raising lobbying funds to get it through this session.  We are HOLDING on residential for a variety of reasons and hope to add SF residential once some regulatory issues are cleared up.  I'll be at the PACENation conference next week working with the folks there on our plans for NC.  Our sister orgs in SC and GA are working on similar plans.  More info on our NC plans here: http://www.buildingnc.org/pace-financing.  Feel free to email or call me for more info.  Ryan@BuildingNC.org or 919-521-3385.

RSS

Featured Forum Discussions

What causes a temperature plane in a home

Started by Energy Wise Solutions in HVAC. Last reply by Peter Krych on Friday. 4 Replies

Velocity Pressure Testing

Started by Horace Douglas Hunt, Jr. in General Forum. Last reply by Horace Douglas Hunt, Jr. Apr 15. 2 Replies

Videos

  • Add Videos
  • View All

Latest Activity

Profile IconSharon Block, Travis Lundberg, Ryan & Shannon Coon and 2 more joined Home Energy Pros
8 hours ago
Gary Reed added a discussion to the group Job Board
Thumbnail

HOME ENERGY ADVISORS WANTED (NEW YORK STATE: Saratoga & Glens Falls Region)

We are currently seeking experienced HOME ENERGY ADVISEOS to join the Jack Hall Plumbing &…See More
16 hours ago
Profile IconGary Reed and Kurt Shafer joined Diane Chojnowski's group
Thumbnail

Job Board

This group is for posting jobs related to all aspects of the home performance industry including…See More
17 hours ago
Ron Sarrick liked Energy Wise Solutions's discussion What causes a temperature plane in a home
18 hours ago
Kurt Shafer added a discussion to the group Job Board
Thumbnail

Installers for Whole House Fans in Various Cities

Invisco Whole House Fan Company in Temecula CA sells the highest performance fans in history. The…See More
19 hours ago
Kurt Shafer posted a blog post

First Rooftop Whole House Fan for Homes without Attics

Eichler was one of the most famous Mid Century Modern home builders in the 50s and 60s. His homes…See More
19 hours ago
Travis Lundberg replied to angela stanzione's discussion Used Weatherization and auditing equipment for sale in the group Energy Auditing Equipment for Sale, Trade or to Purchase
"Do you still happen to have a blower door fan, frame and fabric still for sale?  If so please…"
20 hours ago
Profile IconTravis Lundberg and Alana Barnett joined allen p tanner's group
Thumbnail

Energy Auditing Equipment for Sale, Trade or to Purchase

Discuss the pros and cons of the equipment you are interested in prior to purchase. Post equipment…See More
20 hours ago

Home Energy Pros

Welcome to Home Energy Pros – the unique digital community by and for those who work in the home energy performance arena.

Home Energy Pros was founded by the developers of Home Energy Saver Pro (supported by the U.S. Department of Energy) and brought to you in partnership with Home Energy magazine.  Home Energy Pros is sponsored by the Better Buildings Residential Network. Please honor our Guidelines

© 2017   Created by Lawrence Berkeley National Laboratory.   Powered by

Badges  |  Report an Issue  |  Terms of Service