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PACE Energy Financing Districts: Options To Strengthen & Sustain

PACE Energy Financing Districts: Options To Strengthen & Sustain Our Communities In West Palm Beach. What is PACE?. PACE stands for “Property Assessed Clean Energy” PACE is a financing program: Sponsored by a municipality with taxing authority

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PACE Energy Financing Districts: Options To Strengthen & Sustain

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  1. PACE Energy Financing Districts: Options To Strengthen & Sustain Our Communities In West Palm Beach

  2. What is PACE? • PACE stands for “Property Assessed Clean Energy” • PACE is a financing program: • Sponsored by a municipality with taxing authority • By which commercial and/or residential property owners opt into a voluntary special assessment district • Property owners receive an up front payment that is used to finance energy improvements and/or retrofits. • Property owners repay this obligation via an annual assessment on the property owner’s property tax bill. • Pioneered in Berkeley, CA; California passed enabling legislation in 2008 • Voted one of the “Breakthrough Ideas for 2010” by Harvard Business Review

  3. PACE Is Coming To Florida • Florida municipalities have existing authority for PACE • Many are already moving forward with enabling resolutions: Miami-Dade County, Leon County, City of St. Petersburg, others, including special districts • PACE legislation is currently being considered in Tallahassee that would further clarify the legitimacy of PACE in Florida as an option to promote community-wide investment in renewable energy, energy efficiency , water conservation and hurricane preparedness • Current status of PACE legislation in Florida: • SB 2322 – in final committee, Policy & Steering Committee on Ways and Means, vote 4/15/10 • HB 7179 – passed final committee 4/14/10, headed to floor vote

  4. What PACE Can Do ForWest Palm Beach Community-Wide Retrofits Reduced “Carbon Footprint” Water Conservation: low-flow toilets; rain cisterns Hurricane Preparedness: impact-resistant doors & windows Energy Efficiency: ultra-efficient HVAC units; building insulation Green Collar Job Creation: local contractors Positive Community Engagement & Social Marketing

  5. How Can EcoCityPartners Help? Turn-key Program: design, implementation, financing and administration Strategic relationships with the pioneers and leaders in Florida and throughout the U.S. Florida-based: Knowledge of the Florida landscape – the politics as well as the state/federal incentives key to developing the most effective model Community-specific social marketing campaigns for greater take rate

  6. EcoCityPartners 146 Second Street North, Suite 305 St Petersburg, Florida 33704 www.ecocitypartners.com

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