This clean energy home loan program has problems

Source: Liz Farmer, Governing

A decade after California became ground zero for what is now one of the country’s fastest-growing home loan programs, the state has passed unprecedented regulations to protect borrowers from deceptive financial practices.

The program, property assessed clean energy (PACE) financing, offers loans to help residential or commercial property owners pay for energy-efficient upgrades, such as solar panels, LED lighting and window insulation. They are automatically paid back through the borrower’s property tax bill, making local governments responsible for collecting the payments.

Read Full Article: This clean energy home loan program has problems


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