Contractual Assessments, Energy Efficiency Improvements: California AB 811 (PACE Legislation)
Property Assessed Clean Energy (PACE) programs are a financing tool used by local governments to loan funds to property owners for energy efficiency measures and energy improvements/retrofits such as renewable energy systems (e.g., solar panels and small wind turbines). The PACE loan repayment obligation attaches to the property via an added property tax assessment instead of to the individual who initially received the PACE financing. In most cases, the state legislature must allow its cities and counties (municipalities) to form a special tax/assessment district to finance energy improvements/retrofits on private property. In states that do not authorize PACE programs, municipal leaders interested in PACE financing should encourage their state government to pass PACE-enabling legislation. California’s PACE-enabling legislation is a good example of this type of legislation.
Any change to an existing facility, such as the adjustment, connection, or disconnection of equipment.Energy that comes from sources that are not depleted by use. Examples include energy from the sun, wind, and small (low-impact) hydropower, plus geothermal energy and wave and tidal systems.Either a product formulated from multiple materials (e.g., concrete) or a product made up of subcomponents (e.g., a workstation).Energy efficiency is the process of using less energy to produce the same or increased functions. Often used mistakenly as a synonym for ENERGY CONSERVATION. The ability or potential of a physical body to do work. The most common forms of energy are heat, light, mechanical (moving parts), and electrical.
