PACE is dead. But the Department of Energy is turning up the heat under its home weatherization – or more accurately retrofit – efforts.
The department said Thursday that 31,600 homes across the country were weatherized in June, a record. The target for the summer: 80,000. It also said that for the first time, weatherization will include renewable energy – such as solar – along with energy-efficient appliances, cool roofs and tankless water heaters.
To fuel the effort, Energy Secretary Steven Chu on Thursday awarded $120 million of Recovery Act funds to more than 100 organizations to expand programs and undertake pilot projects.

With PACE, or Property Assessed Clean Energy, on the sidelines, alternate efforts to improve the energy efficiency of homes and buildings have been necessary. PACE came to a near halt this spring and summer when Fannie Mae, Freddie Mac and Fannie regulator, the Federal Housing Finance Agency, barred lenders from writing mortgages for PACE homes. (PACE programs, which were taking root in 23 states, typically lend government money to homeowners and place special assessments for repayment on property tax bills.) Fannie and company worried PACE liens would receive priority over mortgage leans in the even of defaults.
To mimic the work of many PACE programs, Chu said the government would now permit weatherization programs to install renewable energy – solar panels, solar heating systems and wind turbines – as well as cool roofs, insulation, high-efficiency appliances, tankless water heaters, combination boilers for heat and hot water, in-home energy monitors and ductless heat pumps. In other words, weatherization begins to look more like energy retrofit.
Retrofit projects in 27 states will get $90 million of the money. The work will be performed by 103 local companies. An additional $30 million will support 16 pilot projects targeting low-income households and testing new ways to finance retrofits and new technologies.
For instance, one program in Washington, D.C., received $2.6 million to improve energy efficiency at 2,500 eligible housing units. A $1.25 million loan loss reserve will be set up so nearly $8 million in private loans can be made to homeowners.
Another $850,000 will go to a program in Utah to create a revolving loan program offering low-interest financing to low-income households.
The Energy Department said its weatherization program created 13,000 jobs for carpenters, electricians and other workers during the second quarter.
Posted by Mark Boslet 






