A new study by leading housing economist Laurie Goodman and co-author Jun Zhu shows homes with energy- and water-efficient Property Assessed Clean Energy improvements increased in value when resold, recovering more than 100% of the cost of the improvement.
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The GCCA Global Top 10 Winners were selected based on the KeyStone Compact™ assessment and investor judges. This year's 5th GCCA Awards were organized by the Green Trade Project Office (GTPO) and presented on November 10th 2015 in Taipei, Taiwan in conjunction with the Green Summit 2015.
This is Renovate America's fifth securitization of PACE bonds in the U.S., issuing $201,532,000 in Class A Notes rated AA (sf) by Kroll and AA (sf) by DBRS, and represents 8,939 home improvements made that reduce energy or water consumption or produce renewable energy.
The study by economist Laurie Goodman compared sales of homes with PACE retrofits to similar non-PACE homes. The study was financed by Renovate America, which has done the vast majority of residential PACE deals to date through its HERO program in California.
Concord was the first city in Contra Costa County to launch this innovative program. Since then, Antioch, Brentwood, Clayton, Danville, El Cerrito, Lafayette, Martinez, Oakley, Pittsburg, Pleasant Hill, Richmond, San Pablo, San Ramon and Walnut Creek have all authorized HERO.