[Congressional Record Volume 160, Number 33 (Thursday, February 27, 2014)]
[House]
[Page H2011]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                        PACE FINANCING PROGRAMS

  (Mr. McNERNEY asked and was given permission to address the House for 
1 minute.)
  Mr. McNERNEY. Mr. Speaker, I rise today to ask my colleagues to join 
me in supporting clean energy initiative financing programs like PACE 
to help people and businesses invest in renewable energy and energy 
efficiency technologies.
  Thanks, in part, to increased energy efficiency, consumption of 
energy is down 5 percent nationally from 2007 levels. However, the 
growth of new renewable energy capacity has slowed down from 18 
gigawatts installed in 2012 to 5.4 gigawatts in 2013, in part, due to a 
lack of access to capital.
  PACE financing programs allow property owners to pay back the costs 
of clean energy technologies over longer periods of time. Property 
owners can recoup their investments through property assessments.
  By encouraging distributed energy production and energy efficiency, 
property owners quickly increase the value of their properties. PACE 
programs are voluntary, and property owners across the country are 
eager to sign up.

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