PACE has a pulse. Today a group of Congressional leaders introduced legislation that would restore local governments’ ability to run property-assessed clean energy (PACE) programs. The bipartisan PACE Protection Act from Reps. Mike Thompson (D-Calif.), Dan Lungren (R-Calif.) and Nan Hayworth (R-N.Y.) would again allow cities and counties to help property owners finance energy efficiency and renewable energy modifications for their homes and commercial buildings – without any government subsidies or taxes.
ICLEI USA enthusiastically supports the PACE Protection Act.
PACE programs have been proven to create local jobs and stimulate local economies, help property owners save money and energy, and help communities reach their energy and greenhouse gas reduction goals. A common-sense win-win-win idea that was nevertheless stymied by the Federal Housing Finance Agency’s overreaching and myopic decision to block the programs last year.
Read the complete article at ICLEI – Local Governments for Sustainability