Nebraska’s Governor Pete Rickets signed on Thursday a bill that will allow PACE programs to operate in the state. This action brings the number of PACE-enabled states to 33 plus D.C.!
See Utility Dive’s analysis of the bill below:
- Nebraska lawmakers have overwhelmingly passed a measure allowing for Property Assessed Clean Energy (PACE) financing, a move which could help alleviate heavy up-front costs for some energy efficiency projects, Midwest Energy News reports.
- Senator Heath Mello (D), who sponsored the bill, introduced similar legislation a half dozen years ago but the proposals received little interest, with banking lobbyists opposed to the arrangement.
- The legislation includes a $5 million cap on any single PACE bond, but allows for municipalities to fund larger projects following a referendum.