PACE BILLS SUPPORTED

On behalf of our industry, we have requested that Governor Brown sign two bills enhancing to the Property Assessed Clean Energy (PACE) program.

We believe that AB 1284 (Dababneh; D-Encino) will strengthen the consumer protections associated with PACE financing. This measure builds upon the nation-leading PACE disclosures put in place last year.  In addition to expanding access to financing for sustainable property improvements to a larger swath of Californians, PACE plays an important role in California’s plan to meet our greenhouse gas reduction goals by promoting greater adoption of energy-efficient technologies.

Additionally, we have asked the Governor to sign SB 242 (Skinner; D-Berkeley) as we believe the bill will strengthen the consumer protections associated with the PACE program.

Much of California’s existing building stock was built before the adoption of the state’s mandatory energy standards.  These bills will strengthen a financing option that allows owners to take on deep energy retrofits without a state forced mandate.

© 2007-2012 Building Owners and Managers Association of California (BOMA Cal)