26 Jan '15, 2pm

New California Partnership Launches Statewide PACE Program

New California Partnership Launches Statewide PACE Program

The Chula Vista Public Works solar project financed by the Ygrene Energy Fund. Recognizing the multiple benefits to be had, local, state and the federal governments have introduced energy efficiency incentive and support programs. In 2008 Berkeley, California launched the nation's first municipal PACE (Property Assessed Clean Energy) program, where property owners repay loans for energy efficiency upgrades and retrofits through property taxes over periods as long as 20 years. Solar photovoltaic (PV) installations are among the most popular kinds of energy-efficiency projects financed through municipal PACE programs. On January 21, Ygrene Energy Fund and the newly named Golden State Finance Authority (GSFA) launched a program that the partners say will not only make “zero-down” PACE financing available throughout California, but will enable home and business owners to finan...

Full article: http://www.renewableenergyworld.com/rea/news/article/2015...

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