Green advocates say loss of PACE financing has slowed pace of green jobs and building

Slapping a solar panel on the roof sounds so alluring. You can produce your own energy, slice your carbon footprint in a big way and not have to fret so much about vacillating energy costs. You’re home free.
Except that solar panels are far from free. While the cost of solar photovoltaics has come down considerable, a solar rooftop array remains in a rarifed price household category, right up there with cars. It will run in the ballpark of $15,ooo-$20,000, maybe more, even with home energy tax credits.

California sues mortgage companies over PACE loans

California Attorney General Edmund G. (Jerry) Brown Jr. is suing mortgage companies over their refusal to allow PACE funding for clean energy improvements on homes.
PACE (Property Assessed Clean Energy) money allows homeowners to finance energy efficiency projects like solar panels through their property taxes. Cities that offer the plans can sell bonds to generate the money for PACE loans, which are then attached to a homeowners’ property tax bill. The plan provides homeowners with the upfront money they need for big improvements, and allows them to stretch out their payments over 20 years, making large capital improvements like solar arrays possible.