Property Assessed Clean Energy (PACE) Financing and Consumer Financial Outcomes
This report documents research findings on PACE financing from July 2014 through June 2020. The report compares the outcomes of consumers who received PACE loans to those who applied and were approved, but whose loans were not originated. The report finds that PACE loans cause an increase in negative credit outcomes, particularly mortgage delinquency. The report also evaluates a set of PACE reform laws in California and find that they improved PACE outcomes.