California Alternative Energy and Advanced Transportation Financing Authority

Property Assessed Clean Energy (PACE) Loss Reserve Program

Program Activity

Enrollment

After the PACE Loss Reserve Program’s launch, in June 2014 the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) initially enrolled eight PACE programs with a total of 17,401 residential PACE financings valued at over $350 million. To date, 136,208 residential PACE financings valued at about $3.17 billion are covered by the PACE Loss Reserve.

Enrolled PACE programs must report to CAEATFA on the size and status of their portfolios in March for activity from July–December of the previous year, and in October for activity from January–December of the same year. Each eligible financing included in the semi-annual reports is enrolled in and covered by the loss reserve. PACE administrators that applied to the PACE Loss Reserve Program on or before June 9, 2014, were allowed to have their entire existing portfolios included under the reserve to maximize the Program’s effectiveness. To allow new PACE programs to enroll without delaying their operations, the loss reserve also covers financings originated up to 30 days before their enrollment date.

Estimated Environmental Savings

Enrolled PACE programs must provide estimated environmental savings resulting from PACE financings enrolled in the PACE Loss Reserve Program with each October semi-annual report, to the extent that information is available.

The table below details the estimated environmental savings from financings originated through June 30, 2020, as reported by enrolled PACE programs.

Program Name Estimated Environmental Savings from Enrolled Financings
mPOWER Placer 23,598,985 kWh saved annually
4,365.8 MTCO2 saved annually
mPOWER Folsom 556,453 kWh saved annually
102.9 MTCO2 saved annually
Berkeley FIRST 54,408 kWh annually
Sonoma County Energy Independence Program 23,800,060 kWh over lifetime
105,530 MTCO2 over lifetime
155,100 therms over lifetime
CaliforniaFIRST 64,012,006 kWh generated annually
29,725,630 kWh saved annually
2,174,913 therms saved annually
72,012,157 gal saved annually
WRCOG HERO Program 220,221,402 kWh saved annually
152,039,740 gal saved annually
SANBAG HERO Program 132,505,173 kWh saved annually
81,867,045 gal saved annually
California HERO Program 528,699,930 kWh saved annually
351,224,953 gal saved annually
AllianceNRG 6,936,336 kWh generated annually
348,597 kWh saved annually
5,737 therms saved annually
727,985 gal saved annually
LA HERO Program 199,278,146 kWh saved annually
214,897,177 gal saved annually
CaliforniaFIRST in Los Angeles County 14,487,389 kWh generated annually
15,189,601 saved annually
1,106,986 therms saved annually
52,171,338 gal saved annually
Ygrene Works Program 58.44 MW saved over lifetime
2,982,737,791 kWh saved over lifetime
1,000,682 MTCO2 saved over lifetime
3,459,700,684 gal saved over lifetime
34,417,428 ccf natural gas saved over lifetime
PACEFunding (CSCDA) 17,501,624 kWh generated annually
1,864,303 kWh saved annually
100,317 therms saved annually
17,092,000 gal saved annually
California Municipal Finance Authority 912,817,988 kWh generated over lifetime
819,371,251 kWh saved over lifetime
157,040 MTCO2 saved over lifetime
989,136 therms saved annually
1,041,617,827 gal saved over lifetime
Spruce PACE 336,585 kWh generated annually
1,312 kWh saved annually
CSCDA HERO 23,609,446 kWh saved annually
18,450,669 gal saved annually
Figtree PACE Program 1,460,415 kWh saved annually
mPOWER Pioneer 5,074,389 kWh saved annually
938.8 MTCO2 saved annually
WRCOG PACEFunding 1,002,515 kWh generated annually
72,466 kWh saved annually
2,610 therms saved annually
1,053,000 gal saved annually
LA County - PACE Funding Group Program 725,324 kWh generated annually
1,440,030 kWh saved annually
10,934 therms saved annually
3,783,019 gal saved annually
WRCOG Energy Efficiency & Water Conservation Program 449,588 kWh generated annually
27,700 kWh saved annually
2,019 therms saved annually
240,088 gal saved annually
FortiFi CSCDA 149,546,449 kWh generated over lifetime
129,387,559 kWh saved over lifetime
24,798 MTCO2 saved over lifetime
156,195 therms saved annually
145,252,841 gal saved over lifetime