Read “Economic Impact Analysis of Property Assessed Clean Energy (PACE), a new study by ECONorthwest commissioned by PACENow. The study examined the economic output, jobs, and federal, state, and local taxes generated by spending on energy efficiency and renewable energy projects in representative communities around the U.S. (including San Antonio TX, Long Island NY, Santa Barbara CA, and Columbus OH). Extrapolating from their results, the spending initial spending of roughly $54 million on projects in Sonoma County, Palm Desert, Boulder County and Babylon generated $142 million in economic output, $9 million in federal taxes, $6 million state and local taxes, and over 800 jobs, nationwide.
Sonoma County has prepared the Replication Guidance Package for Local Governments to assist local governments in developing a Property Assessed Clean Energy (PACE) program.
