Today, the California Public Utilities Commission issued two big solar decisions. The first was to approve the San Diego Gas and Electric PV program, which will bring on-line 100 MW of PV over the next few year, in 1-5 MW increments. The utility will build and own 26 MW, and buy a further 74 MW through […]
We aim to keep our members informed about the latest opportunities, challenges and successes in the incredible fast-changing world of solar policy. Spreading the word through our blog, social media and friends in the press is a big part of what we do here at Vote Solar. That’s nothing new. But one recent bit of news […]
What is PACE?
A Property Assessed Clean Energy (PACE) bond is a bond where the proceeds are provided to commercial and residential property owners to finance energy retrofits (efficiency measures and small renewable energy systems) and who then repay the financing over 20 years via an annual assessment on their property tax bill.
PACE bonds can be issued by municipal financing districts or finance companies and the proceeds can be typically used to retrofit both commercial and residential properties.
Sample Municipal Resolution and Staff Report (7-19-10)
PACE Campaign Daily Blog-The Vote Solar Initiative