Utah Property Owners Benefit with PACE

Cost-effectiveness is often the top consideration for states weighing the options to spur energy efficiency and renewable energy improvements. The Energy Department has taken steps to make it easier for homeowners and businesses to realize the benefits of investing in more efficient, affordable properties through innovative residential clean energy financing programs.

This includes the property-assessed clean energy program (PACE). It’s an innovative financing mechanism for energy efficiency and renewable energy improvements on private property. When authorized by state law, PACE programs enable state and local governments to fund the upfront cost of energy improvements on commercial and residential properties. That cost is then paid back over time by the property owners.

From 2011 to 2014, the Energy Department’s State Energy Program invested $1.5 million in the Utah Governor’s Office of Energy Development, supporting Utah’s Commercial PACE (C-PACE) program. (…)

For more visit the U.S. Department of Energy.