Nadia Ameli with the Fondazione Eni Enrico in Mattei, Italy and Daniel Kammen, of the Energy and Resources Group, University of California- Berkeley released a study at the end of 2011 analyzing the potential impact of a Property Assessed Clean Energy (PACE) policy in Italy: The Linkage between Income Distribution and Clean Energy Investments: Addressing Financing Costs
The study recognizes the key obstacles in project financing for renewable systems, including limited access to credit due to socio-economic status and the lack of loan guarantees. However, the study proposes the utilization of an innovative program like PACE, and then analyzes the potential impact it might have. This type of program would ameliorate the initial hurdle of up front costs for energy improvements, but allow these homeowners to benefit from the long term rewards of such an investment. Read the full study here.
The study recognizes the key obstacles in project financing for renewable systems, including limited access to credit due to socio-economic status and the lack of loan guarantees. However, the study proposes the utilization of an innovative program like PACE, and then analyzes the potential impact it might have. This type of program would ameliorate the initial hurdle of up front costs for energy improvements, but allow these homeowners to benefit from the long term rewards of such an investment. Read the full study here.
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