The Carlsbad Chamber's Sustainability Committee will feature a presentation about Property Assessed Clean Energy (PACE) a program used to finance efficiency and renewable energy projects at its meeting scheduled for Tuesday, April 10 at 7:15 a.m.
The presenter will be Mike LeMire with the Ygrene Energy Fund, the company that is starting the Sacramento PACE program.
PACE is a bipartisan local government initiative that allows property owners to finance energy efficiency and renewable energy projects for their homes and commercial buildings. Interested property owners option to receive financing for improvements that is repaid through an assessment on their property taxes for up to 20 years. PACE financing spreads the cost of energy improvements such as weather sealing, insulation, energy efficient boilers and cooling systems, new windows, and solar installations over the expected life of the measures and allows for the repayment obligation to transfer automatically to the next property owner if the property is sold.
The presenter will be Mike LeMire with the Ygrene Energy Fund, the company that is starting the Sacramento PACE program.
PACE is a bipartisan local government initiative that allows property owners to finance energy efficiency and renewable energy projects for their homes and commercial buildings. Interested property owners option to receive financing for improvements that is repaid through an assessment on their property taxes for up to 20 years. PACE financing spreads the cost of energy improvements such as weather sealing, insulation, energy efficient boilers and cooling systems, new windows, and solar installations over the expected life of the measures and allows for the repayment obligation to transfer automatically to the next property owner if the property is sold.