Local energy for a global community - at Newo Global Energy, we believe that there is plenty of sunlight for everyone, and we've created a not-for-profit Alberta company to bring that to life. By working together, we can shape energy systems that work for the good of local communities, and for the planet too.
Our Red Deer Branch is hosting quarterly Solar Info Sessions (on the equinoxes and solstices) featuring different topics emerging in Alberta's renewable energy sector. The spring equinox session will focus on PACE Funding with anticipation of a province-wide program launching this summer in Alberta!
REGISTER HERE (free to attend but seating limited) - http://rethinkreddeer.ca/civicrm/event/register?id=146&reset=1
What Is PACE?
PACE stands for Property Assessed Clean Energy - it's a financing tool which building owners and developers can use to upgrade the energy and resource performance of their buildings with no money down and with the financing repaid through their property's tax bill. PACE financing capital primarily comes from private investment sources who are seeking long term secure investments.
PACE is a sustainability financing tool which originated in the USA in 2008 and in 2009. It was named "one of the top 20 world changing ideas" by Scientific American. PACE popularity and growth in the U.S. has been exponential and, since 2008, it has financed over 159,000 home and commercial retrofits to the tune of $4.16 billion and created over 37,000 jobs; all without any taxpayer support (PACE Market Data).
PACE Alberta Co-op Ltd. is working to deliver a PACE program in Alberta with the goal of facilitating the development of Residential and Commercial PACE programs which will be available to all Albertans.
Rocky Mountain Institute - "R-PACE - A Game Changer for Net-Zero Energy Homes" (podcast via SoundCloud)