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The Real Story attended the InterSolar Conference at Moscone Center last week, and met with Jon Port, president/CEO of PermaCity Solar to talk about getting solar on more rooftops throughout the state.

Jon says that even with lending for second mortgages tight, homeowners with good banking relationships (meaning: still making payments on their home loans) have been applying and receiving home loans with interest rates that make monthly payments—as compared to utility bills—look good.

But what happened at the Federal level, with Fannie Mae and Freddie Mac refusing to fund homes with PACE (Property Assessed Clean Energy) loans? PACE, geared to attach a loan to the property tax base, has run afoul of the Federal government-run Fannie Mae and Freddie Mac—a big run in, when one considers how much of the mortgage market is controlled by the two entities.

Surprisingly, Jon isn’t too troubled by the contradictions apparent in this recent action. He says the administration will be looking into it, and he expects some good news upon further study of the situation. Stay tuned.