PACE is a bipartisan local government initiative that allows property owners to finance energy efficiency and renewable energy projects for their homes and commercial buildings. Interested property owners opt-in to receive financing for improvements that is repaid through an assessment on their property taxes for up to 20 years. PACE financing spreads the cost of energy improvements such as weather sealing, insulation, energy efficient boilers and cooling systems, new windows, and solar installations over the expected life of the measures and allows for the repayment obligation to transfer automatically to the next property owner if the property is sold. PACE is unique because it:
* Creates badly needed local jobs. * Uses private capital, not taxes or government subsidies. * Saves money for building owners and increases property values. * Is voluntary – not a government mandate. * Promotes energy security without driving up energy costs. * Avoids the need to build costly new power plants. * Reduces air pollution.
MPower Placer County
MPOWER Placer is a countywide program to promote more efficient use of water and energy, enable businesses to reduce energy costs, and strengthen our local economy through job creation.
Now, more than ever, commercial and multifamily property owners are looking for ways to save money on their energy bills; reduce their impact on the environment; and stimulate the local economy. With the help of MPOWER Placer (Money for Property Owner Water and Energy efficiency Retrofitting), that goal couldn't be easier. MPOWER Placer will finance energy efficiency improvements and energy generation systems such as solar photovoltaic to qualified Placer County property owners, with no upfront costs.