On October 4 we hosted the first in a new webinar series, kicking things off with “PACE in Virginia.”
The webinar covers:
- An overview of the basics of Property Assessed Clean Energy (PACE) financing
- Explanation of how Virginia compares to national programs and the opportunities and challenges in Virginia from a legislative and regulatory standpoint
- Discussion of funding Virginia received from the Department of Energy and a private foundation and how we will utilize the funding to increase market outreach and education to diverse localities across the Commonwealth
- Value proposition for property owners
- Specific examples that show how PACE works within the capital stack and current financing termsSpeakers:
Abigail Johnson, Abacus Property Solutions
Bill Greenleaf, Loan Officer and PACE specialist, Virginia Community Capital
Elyssa Rothe, Director of Policy and Market Development, PACENation
Abigail Johnson, LEED AP O&M, is the President of Abacus Property Solutions (“Abacus”) and founding partner in the new venture Atlantic PACE, a PACE project development and program administrative firm. In 2009, Abby founded Abacus to serve as a an independent real estate advisor to the commercial real estate industry in financing energy efficiency and clean energy projects using conventional debt, public/private incentives, and alternative financing vehicles such as PACE. Over the past three and a half years, Abby has focused her energy in growing the PACE market, both from the origination and underwriting standpoint to working with government and non-profit entities in establishing PACE programs. In particular, she was instrumental in establishing a commercial PACE program in south Florida (St. Lucie County) and in amending the flawed Virginia PACE legislation in 2015. She holds a Bachelor of Architectural History from the University of Virginia and a Master in International Economics and Management from L’Universita’ SDA Bocconi in Milan, Italy.
Bill Greenleaf is commercial loan officer at Virginia Community Capital. He started Virginia Community Capital’s energy efficiency and solar lending program for commercial buildings in 2015. Bill first started working to bring PACE loan programs to Virginia in 2009. In 2014 he established a business coalition which successfully secured passage of Virginia’s PACE legislation in 2015. He serves on the board of the Virginia Energy Efficiency Council. Mr. Greenleaf received his MBA in Finance from the Kelley School of Business, Indiana University, and his Bachelor’s degree in Economics from Skidmore College.
Elyssa Rothe joined PACENation in January 2016 as Director of Policy and Market Development after working with Energize NY, NY State’s PACE program, for 4 years. She has spent her career working in the clean energy sector, primarily under several marketing and outreach contracts for the New York State Energy Research and Development Authority (NYSERDA). She currently serves on the Board of Directors for 2 non-profit organizations in Westchester County. Elyssa graduated from New York University with a bachelor’s degree in Social Entrepreneurship, and received a Professional Certificate in Fundraising from NYU in 2014.