Skip to content
Independent and accessible public media is needed more than ever.
Help us continue keeping communities informed and inspired.
Keep public media independent and accessible
Donate Now

View thank you gift options

CapRadio

CapRadio

signal status listen live donate
listen live donate signal status
listen live donate signal status
  • News
    • topics
    • State Government
    • Environment
    • Health Care
    • Race and Equity
    • Business
    • Arts and Lifestyle
    • Food and Sustainability
    • PolitiFact California
  • Music
    • genres
    • Classical
    • Jazz
    • Eclectic
    • Daily Playlist
  • Programs + Podcasts
    • news
    • Morning Edition
    • All Things Considered
    • Marketplace
    • Insight With Vicki Gonzalez
    • music
    • Acid Jazz
    • At the Opera
    • Classical Music
    • Connections
    • Excellence in Jazz
    • Hey, Listen!
    • K-ZAP on CapRadio
    • Mick Martin's Blues Party
    • Programs A-Z
    • Podcast Directory
  • Schedules
    • News
    • Music
    • ClassicalStream
    • JazzStream
    • Weekly Schedule
    • Daily Playlist
  • Community
    • Events Calendar
    • CapRadio Garden
    • CapRadio Reads
    • Ticket Giveaways
  • Support
    • Evergreen Gift
    • One-Time Gift
    • Corporate Support
    • Vehicle Donation
    • Stock Gift
    • Legacy Gift
    • Endowment Gift
    • Benefits
    • Member FAQ
    • e‑Newsletter
    • Drawing Winners
    • Thank You Gifts
  • About Us
  • Contact Us
  • Close Menu
 We Get Support From:
Become a Supporter 
 We Get Support From:
Become a Supporter 

California Fund Could Lead To More Clean Energy Projects

  •  Bob Moffitt 
Tuesday, March 11, 2014 | Sacramento, CA
  

The State has created a $10 million reserve fund to reimburse mortgage lenders.  The fund would repay the lenders if people who finance clean energy projects through property tax payments default on their loans.

Evan Westrup with Governor Jerry Brown's office says the Federal Housing Finance Agency prohibited mortgage lenders Freddie Mac and Fannie Mae from accepting additional liens for homeowners who wished to finance PACE projects.

"The main concern of the Federal Government was around the financial liability and potential cost if these properties fell into foreclosure," says Westrup.

Jonathan Gemma is with Aztec Solar in Sacramento.  He says solar companies have lost business because mortgage lenders wouldn't agree to additional liens to repay clean energy projects.

"Now if there is this reserve fund in place was able to ease concerns of that mortgage lender that there is some backing to this," he says, "they would allow the PACE financing to go and this opens up the opportunity to more people to be able to finance energy efficient equipment."

Besides solar panels, eligible equipment under the PACE program includes low-flow toilets, insulation, and energy-efficient light fixtures.

The mortgage loss reserve program will be run by the California Alternative Energy and Advanced Transportation Financing Authority.

 

 

Related Stories

  • Courtesy of Sacramento-Yolo Mosquito and Vector Control Distrct

    Aerial Spraying Against Mosquitoes Starts Monday

    July 23, 2018

    Two nights of aerial spraying to reduce the number of mosquitoes testing positive for West Nile virus are scheduled to begin Monday in parts of Elk Grove, the Pocket Neighborhood and neighborhoods south of Fruitridge Road.

  • UC Davis / Courtesy

    Extreme Weather Dropped Lake Tahoe Clarity To Historic Lows In 2017

    June 13, 2018

    If you spent time on the water at Lake Tahoe last year and thought it looked a lot cloudier, you're right. UC Davis researchers say extreme weather — drought followed by heavy rains — caused clarity in 2017 to drop to its lowest recorded level.

  • Bob Moffitt / Capital Public Radio

    A Million Salmon Take A Road Trip Before Getting In The Sacramento River Toward The Pacific

    May 3, 2018

    The fish took a ride in a large truck on Wednesday morning and are now headed down the river on a journey to the ocean.

  • Andrew Nixon / Capital Public Radio

    How NASA, Lasers And New Technology Help Measure California’s Snowpack With Exceptional Accuracy

    March 8, 2018

    Using this new approach to calculate the snow’s water content also means improved forecasts for farms and cities, and even positive benefits for renewable-energy production. The program soon could go statewide — if it gets funded.

  • CA Department of Water Resources / Twitter

    Storm Leaves California With Half Of Usual Snow For Year

    March 5, 2018

    (AP) — Monday's snow survey found a "much rosier" picture than before last week's heavy winter storm, but still less than half the usual snow for this point in the season.


Follow us for more stories like this

CapRadio provides a trusted source of news because of you.  As a nonprofit organization, donations from people like you sustain the journalism that allows us to discover stories that are important to our audience. If you believe in what we do and support our mission, please donate today.

Donate Today  

    More about drought

  • State Of Drought

    Reservoir levels are at historic lows, municipalities are ordering mandatory conservation and farmers are bracing for water shortages. CapRadio is following how Californians are being impacted by the drought.

 solarclean energymortgagesbanksdroughtenvironmentenvironment

Bob Moffitt

Former Sacramento Region Reporter

Bob reported on all things northern California and Nevada. His coverage of police technology, local athletes, and the environment has won a regional Associated Press and several Edward R. Murrow awards.  Read Full Bio 

Sign up for ReCap and never miss the top stories

Delivered to your inbox every Friday.

 

Check out a sample ReCap newsletter.

Thanks for subscribing!

Thank you for signing up for the ReCap newsletter! We'll send you an email each Friday with the top stories from CapRadio.

Browse all newsletters

More Stories

Councilmember Sean Loloee / Facebook

Mayor Steinberg, north Sacramento leaders request independent investigation into council member’s residency

June 28, 2022

Kris Hooks / CapRadio

Hundreds gather in Sacramento to protest Supreme Court ruling overturning Roe v. Wade

June 24, 2022

Source: Guttmacher Institute; Credit: Haidee Chu and Kristin Gourlay/NPR

Here's where abortions will likely be banned or strictly limited post Roe

June 24, 2022

Most Viewed

Abortion is still legal in California. Here are answers to questions about access in the state.

California coronavirus updates: Pfizer says tweaked vaccine offers better protection against omicron

Northern California wildfires: Where to find updates on air quality, evacuations, and official information

Sacramento’s homeless population spikes 67% to nearly 9,300 since 2019

California coronavirus updates: Court revives block of federal vaccination mandate

We Get Support From:
Become a Supporter

Most Viewed

Abortion is still legal in California. Here are answers to questions about access in the state.

California coronavirus updates: Pfizer says tweaked vaccine offers better protection against omicron

Northern California wildfires: Where to find updates on air quality, evacuations, and official information

Sacramento’s homeless population spikes 67% to nearly 9,300 since 2019

California coronavirus updates: Court revives block of federal vaccination mandate

Back to Top

  • CapRadio

    7055 Folsom Boulevard
    Sacramento, CA 95826-2625

    • (916) 278-8900
    • Toll-free (877) 480-5900
    • Email Us
    • Submit a News Tip
  • Contact Us

  • About Us

    • Contact Us / Feedback
    • Coverage
    • Directions
    • Careers & Internships
    • Mission / Vision / Core Values
    • Press
    • Staff Directory
    • Board of Directors
  • Listening Options

    • Mobile App
    • On Air Schedules
    • Smart Speakers
    • Playlist
    • Podcasts
    • RSS
  • Connect With Us

    •  Facebook
    •  Twitter
    •  Instagram
    •  YouTube
  • Donate

  • Listen

  • Newsletters

CapRadio stations are licensed to California State University, Sacramento. © 2022, Capital Public Radio. All Rights Reserved. Privacy Policy | Website Feedback FCC Public Files: KXJZ KKTO KUOP KQNC KXPR KXSR KXJS. For assistance accessing our public files, please call 916-278-8900 or email us.