Property Assessed Clean Energy (PACE) Loss Reserve Program

Program Activity

Enrollment

After the PACE Loss Reserve Program’s launch, in June 2014 the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) initially enrolled eight PACE programs with a total of 17,401 residential PACE financings valued at over $350 million. To date, 76,991 residential PACE financings valued at about $1.8 billion are covered by the PACE Loss Reserve.

Every year, enrolled PACE programs must report to CAEATFA on the size and status of their portfolios in March for activity from July–December of the previous year, and in October for activity from January–December of the same year. Each eligible financing included in the semi-annual reports is enrolled in and covered by the loss reserve.

• Chart of enrollment activity as of March 2025

Estimated Environmental Savings

 Enrolled PACE programs provide estimated environmental savings resulting from PACE financings enrolled in the PACE Loss Reserve Program with each October semi-annual report, to the extent that information is available. The table below details the estimated environmental savings from financings originated through June 30, 2024, as reported by enrolled PACE programs.