Providing ways to enable homeowners to invest in energy-saving home improvements has become an increasingly hot topic. Pike Research has issued a report highlighting consumer attitudes toward Property Assessed Clean Energy (PACE) financing, a financing method for making energy efficient home improvements that has been largely squashed by Fannie Mae and Freddie Mac, but which, the report shows, may be in a position to rise from the ashes.
Under a PACE financing program, the cost of energy efficient home improvements is paid back as part of the homeowner's annual property taxes via a special assessment on the home. A recent independent survey from market research firm Pike Research indicates that homeowner interest in this concept is strong, with 42% of survey respondents saying that they would be "extremely" or "very" interested in taking advantage of such a program, and 75% of respondents saying they would be at least “somewhat interested” in taking advantage of PACE financing. The full report contains a number of valuable insights ... (Energy Circle)
