How to Bring PACE to your State?
The first step is to introduce a statewide PACE enabling legislation. Check our interactive map to see whether your state already has PACE enabling legislation! If not, let’s make PACE happen in your state by introducing PACE enabling legislation.
There are 22 states without PACE enabling legislation! Let’s make PACE happen in every state! PACE usually requires state and local legislation, which should address a number of key issues, including:
- Statement of public purpose – PACE will allow your state and local community to achieve objectives that are in the public good. These can include energy security, economic development goals of job creation and property value, or reducing air pollution.
- Benefit district or other mechanism for establishing a voluntary (opt-in) assessment or charge in return for a financing benefit, which may vary from state to state and among different types of municipalities.
- Funding source – PACE programs can support non-recourse municipal bonds of the sponsoring municipality or other governmental entity.
- Program basics – which may include maximum borrowing amounts, acceptable loan-to-value ratios, and other guidelines to ensure programs are safe for all participants.
A Success Story from Utah: Learn more about the effort of Utah Clean Energy in securing the passage for PACE legislation.