Pleasantville, NY (PRWEB) July 31, 2014
PACENow is pleased to announce that Jessica Bailey has joined us as a Senior Fellow. Jessica will continue to serve as the Director of C-PACE, Connecticut’s statewide property assessed clean energy (PACE) program administered by the state’s Green Bank (the Clean Energy Finance and Investment Authority). Her success in making C-PACE a leading provider of commercial PACE financing makes her an expert in program development and implementation.
As a PACENow Senior Fellow, Jessica will be able to share her expertise with people and organizations throughout the U.S. who are making PACE financing available to building owners for energy efficiency and renewable energy projects.
Commercial and residential buildings consume forty percent of all energy used in the U.S. Making buildings more energy efficient increases their value, creates jobs, makes America more energy secure, and protects the environment. PACE financing makes deep energy retrofits of commercial and residential properties financially attractive. President Clinton helped launch PACE at the Clinton Global Initiative in 2009 and PACE has now been approved in 31 states, and PACE financing is available in Cincinnati, Los Angeles, Minneapolis, San Francisco, St. Louis, Toledo, and Washington DC. New programs are being developed throughout the U.S.
“We are thrilled to be able to tap Jessica’s knowledge of PACE program implementation”, said David Gabrielson, PACENow’s Executive Director. “She understands legislative process and the program she directs has proven successful at building awareness and demand for PACE financing in Connecticut. PACENow should be a great platform for her to help build PACE Nation throughout the U.S.”
Jeff Tannenbaum, PACENow’s founder, adds, “Jessica Bailey has shown great leadership in the PACE industry through the design and implementation of Connecticut’s highly successful and innovative PACE program. She is a very valuable addition to the PACENow team and will no doubt help us continue to scale this emerging asset class.”
Bryan Garcia, the CEO of the Clean Energy Finance and Investment Authority, noted “Connecticut is incredibly proud of the success we have seen with our C-PACE program. We are delighted that Jessica will be able to share the lessons we have learned here with the rest of the country as a Senior Fellow with PACENow.”
At the Clean Energy Finance and Investment Authority, Jessica has designed a state-wide program that allows building owners to access financing to perform clean energy improvements on their properties. Since January 2013, the program approved $40 million in clean energy projects and executed the first securitization of commercial efficiency assets. Bailey worked from 2004-2012 at the Rockefeller Brothers Fund (RBF), an $800 million foundation based in New York. As the Fund’s program officer for sustainable development, she co-managed a $7 million portfolio of grants focused on combating climate change and promoting clean energy.
In 2014, she was named a “Champion of Change” by the White House for solar deployment. The Hartford Business Journal dubbed her a “Green Warrior” for her work to design the successful Connecticut C-PACE program. She sits on the board of the New England Clean Energy Council and Groundswell.
She received her graduate degree from Yale University and undergraduate from the University of Notre Dame.
PACENow is a non-profit foundation funded advocate for Property Assessed Clean Energy (PACE) financing. PACENow’s mission is to promote improved energy efficiency in buildings and use of PACE.
PACENow is supporting and contributing to the efforts of the many groups and organizations that are making PACE an efficient and effective tool for implementing energy efficiency and renewable energy upgrades to buildings.
Energy efficiency retrofits represent a spectacular investment opportunity. A $279 billion investment in commercial, residential, and institutional segments could save $1 trillion over a decade, according to the Rockefeller Foundation study. Moreover, the ACEEE’s estimates show that energy efficiency improvements tend to result in the average return on investment of 22 percent. PACE financing is a robust and flexible tool that can be used to make our nation’s buildings more energy efficient.