This webinar examined the Property Assessed Clean Energy (PACE) program that was launched in Connecticut. Property Assessed Clean Energy (PACE) is a tax-lien financing program that allows interested property owners to finance qualifying energy efficiency and clean energy improvements on their properties through an additional charge (“assessment”) on their property tax. Capital provided under the PACE program is secured by a lien on the owner’s property tax bill. Property owners pay the improvements back over time, based on the voluntary assessment placed on the property tax bill. Energy efficiency improvements are installations or renovations to a building that reduce a property’s energy consumption and greenhouse gas emissions, such as installing highly energy-efficient air conditioning and boiler systems, replacing windows, installing smart-meters that automatically turn lights and equipment off when not in use and many other solutions.
Presenter: Jessica Bailey
Director, Commercial and Industrial Property Assessed Clean Energy
Connecticut Clean Energy Finance and Investment Authority
This webinar was funded by the Washington State Department of Ecology.