Renewable Funding LLC, an Oakland, Calif.-based provider of property-assessed clean energy (PACE) program administration and financing services, has been selected to support PACE programs in Santa Fe County, N.M.; Santa Barbara County, Calif.; and throughout the state of Louisiana.
The Santa Fe County program, called Renew Santa FE, will allow private property owners to finance solar and other renewable energy installations through a special assessment on their property. Renewable Funding will partner with Citigroup Capital Markets to provide capital to fund the projects.
In Santa Barbara County, Renewable Funding will provide technology services, including the design and management of the Web portal through which property owners may apply for and receive funding for approved PACE projects.
Renewable Funding, in conjunction with local partners Jones Walker, The Sisung Group and Solar Energy Squared, is developing a Louisiana PACE program through the sponsorship of the Louisiana Community Development Authority. The program will finance both renewable energy and energy efficiency projects throughout the state after the participating city or parish has formed its PACE financing districts.
SOURCE: Renewable Funding LLC