Property-Assessed Clean Energy (PACE) Initiative
Posted by youngsierrans on February 1, 2010
Have you been trying to keep up with PACE in the North Texas area? In case you’re not familiar, the Property-Assessed Clean Energy initiative (HB 1937) was approved by the legislature last session. The program allows municipalities to create “energy districts” that provide low interest loans to homeowners and businesses for renewable power and energy efficiency. What’s unique about these loans is that they are attached to the property, not the owner. Examples of the program currently exist in Berkeley (CA), Boulder (CO), and Babylon (NY).
An informational meeting about PACE was held on January 21st at the Trinity River Audubon Center. Those in attendance (over 65!) included, 21 North Texas cities, several state representatives’ offices, and other organizations, like NTCOG, TX Association of Builders, ONCOR, and the EPA. Speakers included, Asst. City Manager Jill Jordan, Rep. Raphael Anchia, city officials from San Antonio, and PACE program representatives from Colorado and California.
To help bring a version of this energy efficiency and renewable energy financing program to your community, contact your city council members and mayor to let them know you’re interested in PACE for your city.
- PACE in Texas – Clean Energy for Texas
- Energy Efficiency and Conservation Block Grants Program – Department of Energy (“PACE” webcasts available)
- Grist article – Berkeley PACE Pilot Lessons Learned