News in the ongoing effort to restore PACE, the promising clean energy financing program that ran into hurdles put up by FHFA.
NRDC (here and here) and Forbes have the backstory details, but the short story is this: federal agencies are supposed to provide notice and allow for stakeholder input before making big decisions; after the FHFA issued their rulings on PACE, which had the effect of stopping the many municipalities and counties from going forward with their programs, the California AG and others sued, saying (among other things) that FHFA acted hastily and didn’t follow required procedure; the judge agreed, and ordered them to go back do so. And so now they are.
Here’s the Advance Notice of Proposed Rulemaking.
This gives PACE advocates and those 27 states with PACE-enabling legislation the chance to make their case on the merits, and have a fact-based discussion. So much more fun than regulation by fiat. There’s a 60-day comment period that ends March 26.
PACEnow has materials to help interested parties comment; we’ll develop some and share as well. Stay tuned.
It’s about time that PaCE had a fair hearing.
That the suit made it into the courts and a judge agreed that the FHFA did not follow proper procedure is a step in the right direction that solar energy needs to continue to be developed.
This is a step in the right direction for solar energy to continue to be developed.
I have 3Kw of solar panels on my small house. If I can produce power, anyone can. Nuclear power is not safe enough. Oil has been shown to be unsafe. Solar and wind are the only sources that do not pollute our lives.
Please support these to allow our children a long life.
Bill
[...] first: a recent court decision has forced the FHFA to conduct public rulemaking on its actions in regards to PACE. This gives advocates a great [...]
Please support PACE because it can provide funding towards solar energy and enhance this resource for our future.
[...] first: a latest court decision has pressured the FHFA to carry out public rulemaking on its actions in regards to Pace. This presents advocates a [...]