Assessing the PACE of California residential solar deployment: Impacts of Property Assessed Clean Energy programs on residential solar photovoltaic deployment in California, 2010-2015

Innovation in Financing Energy‐Efficient and Renewable Energy Upgrades: An Evaluation of Property Assessed Clean Energy for California Residences

“…While previous analyses report an increase in solar PV installations in California counties that have adopted PACE financing (Ameli, Pisu, and Kammen, 2017; Deason and Murphy, 2018; Kirkpatrick and Bennear, 2014; O' Shaughnessy et al, 2020), our findings suggest that the program may not, in fact, encourage homeowners to unequivocally substitute conventional energy with renewable energy self‐generation. As a result, we cannot, with confidence, argue that California's PACE program reduces consumption of carbon‐based energy sources.…”

“…Specifically, several of the analyses focus on the extent to which PACE financing has impacted solar photovoltaic (PV) installations in California. The major studies that examine this relationship find, to varying degrees, that the program increases residential PV installations in specific regions of California, in the state's largest cities, as well as across the state (see, e.g., Ameli, Pisu, and Kammen, 2017; Deason and Murphy, 2018; Kirkpatrick and Bennear, 2014; O' Shaughnessy et al, 2020).…”

“…This article examines whether these goals are being met by evaluating if the program effectively reduces residential electricity consumption from municipal utilities and if it increases residential self‐generated energy production in the counties that have adopted the program. While previous studies have evaluated how PACE financing has impacted the adoption of solar energy (see, e.g., Ameli, Pisu, and Kammen, 2017; Deason and Murphy, 2018; Kirkpatrick and Bennear, 2014), the scholarship has yet to conduct a large‐scale statistical analysis on the specific impacts that PACE has on energy usage (Fadrhonc et al., 2016). Thus, the literature has not evaluated whether the increase in renewable energy and energy efficiency installations from PACE programs will lead to what is known as the rebound effect, a phenomenon in which the consumption of energy actually increases because the costs associated with energy services decrease when efficient technology is installed.…”

Tracking the PACE of household energy usage: Energy usage impacts of projects financed through Property Assessed Clean Energy programs in California

“…Several studies (Kirkpatrick and Bennear 2015;Ameli et al 2017;Deason and Murphy 2018) estimate the impact of R-PACE program availability in encouraging the deployment of residential solar PV and generally find that the presence of R-PACE programs is associated with increased PV deployment while controlling for other relevant factors. Goodman and Zhu (2016) finds that R-PACE participation has a net positive impact on home sale value: the sale value of a R-PACE home, on average, increases by more than the amount of the outstanding assessment.…”

Timed to save: the added value of accounting for hourly incidence of electricity savings from residential space-conditioning measures

“…Several previous papers have studied the impacts of R-PACE programs. A series of analyses(Ameli et al, 2017;Deason and Murphy 2018;Kirkpatrick and Bennear 2014) have studied the impact of R-PACE programs on solar PV installation, generally finding that the presence of R-PACE programs has been associated with, and may have driven, increased deployment Goodman and Zhu (2016). study home value impacts of R-PACE programs, whileRose and Wei (2019) review their macroeconomic impacts.3 https:// nsrdb.…”