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, 98,395 residential PACE financings valued at about $2.4 billion are covered by the PACE Loss Reserve.
Every year, 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.
Estimated Environmental Savings
Enrolled PACE programs 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, 2023, 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 |
27,150,562 kWh over lifetime 144,336 MTCO2 over lifetime 136,724 therms over lifetime |
| CaliforniaFIRST | 69,962,083 kWh generated annually 32,639,345 kWh saved annually 2,378,688 therms saved annually 83,404,602 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 | 63.79 MW saved over lifetime 3,301,865,234 kWh saved over lifetime 1,119,329 MTCO2 saved over lifetime 4,056,400,263 gal saved over lifetime 30,254,000 ccf natural gas saved over lifetime |
| Home Run Financing CSCDA (formerly PACE Funding CSCDA) | 29,068,998 kWh generated annually 1,849,766 kWh saved annually 204,060 therms saved annually 30,254,000 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 | 5,582,145 kWh saved annually 1,062.4 MTCO2 saved annually |
| WRCOG PACEFunding | 1,208,360 kWh generated annually 87,157 kWh saved annually 4,115 therms saved annually 1,274,000 gal saved annually |
| LA County - PACE Funding Group Program | 591,251 kWh generated annually 1,184,827 kWh saved annually 10,131 therms saved annually 2,699,652 gal saved annually |
| WRCOG Energy Efficiency & Water Conservation Program | 538,747 kWh generated annually 40,418 kWh saved annually 2,946 therms saved annually 298,513 gal saved annually |
| FortiFi CSCDA | 535,905,324 kWh generated over lifetime 578,721,643 kWh saved over lifetime 115,710 MTCO2 saved over lifetime 588,132 therms saved annually 742,616,103 gal saved over lifetime |