Property Assessed Clean Energy
-
SF keeping PACE
The built environment is responsible for something like 72% of electricity use and ~36% of greenhouse gas emission in the US. How to get at that chunk of embedded carbon? On Monday, the City of San Francisco launched Green Finance SF, the country’s largest Property Assessed Clean Energy (PACE) financing program. The bonding capacity is […]
-
What Berkeley can teach us about taking clean energy programs to scale
Property Assessed Clean Energy (PACE) programs, which allow private property owners to finance energy-efficiency and renewable-energy projects via their property taxes, has been taking off around the country. These programs are designed to spur private improvements to reduce our nation’s energy consumption, create green jobs, and lower energy bills. The first PACE program was announced […]
-
San Francisco sets the PACE
Today, San Francisco Mayor Newsom signed the final piece of legislation necessary to get the city’s PACE (municipal property tax financing for energy efficiency, renewables, and water conservation) program off the ground. My colleague Rosalind Jackson recorded the moment for posterity. By summer, if all goes as scheduled, 70-80% of California will have access to […]
-
How innovative financing is changing energy in America
Property Assessed Clean Energy, or PACE, has taken off like wildfire since the concept was first introduced in Berkeley, Calif. in October ’07. PACE allows private property owners to pay for energy efficiency and renewable energy projects through an addition to their property tax bill, overcoming the high upfront costs that prevent most property owners […]