DBRS Morningstar Expects Commercial PACE to Remain Center Stage in 2020
DBRS Morningstar believes the property assessed clean energy (PACE) market will continue to grow in 2020, with the commercial side driving much of that expansion. Commercial property owners are increasingly turning to PACE financing to help make energy efficiency, energy renewal, and resiliency upgrades to their buildings. In addition, new major jurisdictions—namely Chicago, New York City, Philadelphia, and Salt Lake City—jumped on the bandwagon last year in adopting legislation allowing commercial PACE (C-PACE) as a financing mechanism and/or closed first-time PACE financings. At the same time, the residential side is expected to see progress this year, with Ohio having a program in development and likely to join California, Florida, and Missouri as being the only states offering PACE for homeowners.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.