Solar, residential PACE securitization buyer base grows

Fotolia solar dollars 230x150
By Sasha Padbidri
18 Apr 2018

Solar and Property Assessed Clean Energy (PACE) market players at IMN’s Green Investing Conference in New York on Wednesday acknowledged heightened investor participation on securitizations from both asset classes over the past year, but warned issuers to move cautiously as rates rise in 2018.

In residential PACE, conference-goers pointed out the compression in spreads over the past three years as investors became familiar with the industry. A combination of buyer demand and cross-product spread compression could see spreads grind tighter this year, they said.

“The market has been really receptive to residential ...

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