Could these 7 changes save PACE?

Greentechenterprise proposes 7 changes to PACE to ‘save the program’. I’ll have my own ideas shortly, but these are worth discussing:

1. Eliminate the Loading Order. The loading order requires that the owner show that energy efficiency retrofits reduce power consumption by 10 percent to 20 percent in many cases before PACE can be used to pay for solar.

2. Skip Residential PACE for Now.

3. Limit the Types of Repairs. If cutting out homeowners is too politically risky, how about this tack? Limit the size of PACE loans — to say, $15,000 for homes measuring 2,000 square feet or less — and circumscribe the types of repairs that can be undertaken.

4. Make PACE Debt Junior.

5. Threaten Even More Stringent Financial Controls.

6. Change the Investment Tax Credit.

7. Advertise. In the three weeks that San Francisco’s PACE program was up and running, the city received 33 applications and rejected 13 for financial issues. Twenty were completed and one got approved, according to Rich Chien, who runs it.

One in three weeks. Surely some word of mouth could help.

via Seven Ways to Save PACE : Greentech Media.