To encourage geothermal use, Gurgick would like to see Property Assessed Clean Energy loan programs develop.
“The state legislature has approved it, but no municipalities have endorsed it,” Gurgick said.
A PACE program would attach the loan for the renewable system to the property, rather than the individual. This would be accomplished by attaching it to the property’s tax value and would require municipalities to sell bonds.
“We need to do something yesterday,” Gurgick said, “and geothermal pays for itself. There are a lot of products out there, but as for the paybacks, I wouldn’t vouch for them yet.” Read full story.