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Can the US keep the PACE? - new paper by Nadia Ameli named as editor's choice in Science

6 March 2017

Can the US keep the PACE? New paper finds PACE has been exceptionally effective in boosting residential PV installations in Northern California

solar panel home

A new publication by Dr Nadia Ameli, Senior Researcher at UCL ISR, finds PACE has been exceptionally effective in boosting residential PV installations in Northern California.

The Property Assessed Clean Energy (PACE) program is a US national initiative designed to promote investment in solar photovoltaics by commercial, non-profit, and residential property owners. Its central feature is to provide low-cost, long-term funding, which is repaid as an assessment on the property's regular tax bill, as is done for sidewalks and sewers, for example.

Spurring such investment clearly is a good goal, but is the program effective? Ameli et al. used a natural experiment in northern California to test the capacity of PACE, finding that it has been a great success, more than doubling residential photovoltaic installations in the region at no cost to the taxpayers.

The paper was also named the editor's choice in Science Magazine

Click here to download the paper: Can the US keep the PACE? A natural experiment in accelerating the growth of solar electricity