The much heralded PACE programs, which would allow homeowners in many state to finance wood and pellet stoves and boilers with a long-term loan attached to the home’s property tax bill, have ground to a halt.
The Federal Housing Finance sent a letter to Congress in August reaffirming its opposition to Property Assessed Clean Energy legislation (PACE). The Agency has effectively halted PACE programs across the nation, which had been helping home and business owners finance small-scale clean energy projects with loans tied to property taxes.
Nevertheless, thermal biomass advocates and experts should still be in touch with their state officials to ensure that thermal biomass equipment can be part of their state’s PACE program when and if the programs move forward again.
For more information and assistance about biomass language in state legislation, you can contact us at, info@forgreenheat.org.
For more info: http://motherjones.com/blue-marble/
2010/08/fannie-regulator-pace,
and
http://www.forgreenheat.org/policy/
doe_policy.html.
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