TALLAHASSEE- House Majority Leader Adam Hasner (R-Delray Beach) and Energy & Utilities Policy Committee… Chairman Steve Precourt (R-Orlando) today welcomed the passage of PACE – Property Assessed Clean Energy – financing that could be utilized to help consumers and businesses pay for retrofitting their properties with clean technology at no cost to taxpayers. The projects generated by these private sector clean energy improvements hold the promise of green job creation for Florida’s economy. The bill passed the House committee unanimously and was passed by the Senate later in the day.
“PACE is a no-cost to taxpayers, no-mandate, consumer opt-in approach to bringing clean energy technology to homeowners and businesses which will help create jobs for Floridians at a critical time when we are working to get Florida’s economy back on track,” said Leader Hasner. “Often, the biggest hurdle homeowners face is coming up with the upfront costs to retrofit their homes with energy improvements. I commend all the members of the committee for working together to help homeowners finance the upfront costs for energy improvements. This commonsense, innovative policy initiative will remove this significant burden for homeowners and save them money.”
“PACE is an exciting option which comes at the right time as we focus on creating jobs and increasing savings for property owners,” stated Chairman Precourt. “At a time when we must seriously promote smart energy consumption while providing Floridians who wish to make their homes more energy efficient relief from the upfront costs, PACE presents a viable and commonsense option.”
In today’s economy, few homeowners and commercial property owners have the upfront capital to invest in retrofitting their homes or buildings to take advantage of the advances in clean energy technologies and the possible cost savings obtained from those improvements. Improvements may include storm proofing of homes. PACE bonds present an innovative, no-taxpayer subsidy approach to financing those individual clean energy projects on a large scale.
This article was originally posted here, by coolerplanet.