Authorizes local governments to adopt commercial property-assessed capital enhancement (C-PACE) programs to promote energy conservation measures or renewable energy systems on the customer’s side of the meter.
Establishes commercial property assessed clean energy (C-PACE) programs to finance energy savings related efficiency, weatherization, renewable energy, storage, electric vehicle supply equipment, or qualified heating equipment.
Requires the New Jersey Economic Development Authority to establish a Garden State Commercial Property Assessed Clean Energy Program to facilitate the financing of projects.
Authorizes local governments in Tennessee to establish and adopt commercial property assessed clean energy and storm resiliency (C-PACER) programs.
Administers CaliforniaFIRST, which provides affordable financing for home upgrades to more than 27 million Californians.
DC’s PACE program is designed to function through the issuance of pooled bonds under the National Capital Energy Fund.
The legislation authorizes municipalities to enter into PACE agreements with property owners, provide financing, and collect PACE assessments to repay the loans.
Vermont authorized PACE financing in 2009 with House Bill 446. There is currently no program operating.
A New York State not-for-profit established specifically to increase the demand for energy efficiency and renewable energy building upgrades.
California operates a loan loss reserve for PACE loans generated in-state.