Thank you for taking an interest, we appreciate your interest in our work. Your article is a great piece about how we began efforts on PACE. Since we announced the PACE commercial consortium in September 2011, there have been some amazing advances especially in Sacramento and Miami with Ygrene (the only remaining original member of the consortium) and more than 200 other contractors. We are well on the way to seeing ‘white vans’ pulling up to begin work on a pretty expressive scale.

With regards to specific points in your piece: Lockheed Martin was never intending to finance projects nor were contractors ever “required” to “guarantee” the savings. Yes, projects were intended to have an insurance policy to backstop part of the performance risk, however, this is not the same thing as saying that the contractors were guaranteeing project savings.

Additionally, 31 states and the District of Columbia (not 25) have passed enabling legislation. For more information about the market development of PACE, I highly recommend checking out the PACENow website (http://pacenow.org/pace-programs/).

Kind Regards,
Joshua Kagan – Operations Lead, Energy Efficiency
Carbon War Room