PACE To The Rescue? Popular Solar Program Goes Statewide In CA
Property-assessed clean energy (PACE) finance is alive and well in California, where a brand-new PACE program has debuted with the initial participation of an unprecedented 14 counties and 126 cities.
The CaliforniaFIRST program, administered by Oakland, Calif.-based Renewable Funding, will allow owners of commercial properties, including multifamily units, to finance the installation of solar projects and other building-energy improvements through their property tax bills.
“This is the first statewide commercial PACE program out there,” Rosalind Jackson, director of communications and development at Vote Solar, tells Solar Industry. Prior to CaliforniaFIRST, Los Angeles’ single-jurisdiction commercial PACE offering had been the largest.