Items Tagged with 'Solar Panel'

ARTICLES

  • CFPB plans to issue rules on PACE loans

    Bureau asks for industry input on green financing
    The CFPB signaled Monday that it plans to issue rules for the PACE program, which allows homeowners to obtain financing to make improvements to their homes to increase the home’s energy efficiency. The CFPB said Monday it is issuing an “Advance Notice of Proposed Rulemaking” on PACE financing that could see an Ability-to-Repay provision added to PACE regulations.
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  • California, your new home prices are about to spike

    By 2020, all newly built homes in California will come with solar panels
    In 2018, the California Energy Commission unanimously voted for the mandatory implementation of solar panels on virtually every newly built home in California. And although many have praised the landmark decision, some fear it will put a larger financial strain on homeowners statewide.
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  • Elon Musk accused of securities fraud over Tesla tweets

    SEC claims Musk’s tweets about taking Tesla private violated securities laws
    Tesla Chairman and CEO Elon Musk committed securities fraud when he tweeted about taking the company private without actually securing funding as he claimed he had, the Securities and Exchange Commission claimed Thursday.
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  • Tesla begins production on solar roof panels

    Solar panels will resemble traditional roof tiles
    Last year, Tesla announced its intention to revolutionize the acquisition, storage, and use of solar energy with its own version of solar panels. Unlike traditional solar panels, which are placed on top of a home’s existing roof, Tesla’s solar panels are used to form a solar roof. And now, Tesla’s solar roof is in production.
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  • Housing industry applauds FHA move to stop insuring mortgages with PACE loans

    Largest industry trade groups support Trump administration decision
    On Thursday, the Trump administration reversed the Obama administration’s decision on PACE loans and said that FHA will stop insuring mortgages on homes that also carry PACE liens. Unsurprisingly, some of the same housing groups that asked for a change to the PACE rules last year are in favor of the Trump administration’s decision.
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  • FHA to stop insuring mortgages with PACE loans

    Trump administration reverses Obama policy
    Last year, the Obama administration announced that the Federal Housing Administration would begin insuring mortgages that also carry liens created by the PACE program. But that was last year. Things are much different now. In a stark reversal, FHA announced Thursday that it will no longer insure mortgages with PACE liens.
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  • FBI, SEC reportedly looking into PACE lender Renovate America

    WSJ reports on inquiries, company responds
    In a lengthy release published in response to the WSJ article, Renovate America confirmed that the company has spoken to both the FBI and SEC about the the company’s business, but the company said that it had been repeatedly assured by federal law enforcement authorities that it is not the subject or target of any investigation.  
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  • SolarCity agrees to pay $29.5 million to settle allegations of lying to government

    Issue stems from government paying for solar panel installations
    SolarCity, the solar energy company that was acquired by Tesla last year, will pay $29.5 million as part of a settlement with the government, which accused the company of lying to the government about the costs of solar energy systems. While that’s the way the Department of Justice framed the settlement, SolarCity tells a different story.
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  • Tesla takes next step in solar energy revolution, unveils new solar panels

    Already plans production of solar roof
    Tesla, which got into the solar energy business last year with the acquisition of SolarCity, is taking the next step in its plan to revolutionize the acquisition, storage, and use of solar energy with the introduction of its own version of solar panels. What does it mean for the solar energy business? And what does it mean for the mortgage business?
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