MT. CLEMENS (WWJ) – The Macomb County Board of Commissioners passed a groundbreaking resolution creating the largest Property Assessed Clean Energy District in Michigan. Last week’s unanimous vote was the culmination of a collaborative process between the Commission, the Macomb County Executive’s Office, Treasurer’s Office and Levin Energy Partners, LLC, which runs Lean & Green Michigan, administering the PACE program for participating local governments.
PACE has the potential to transform clean energy building finance because it eliminates the need to provide up front capital for energy efficiency and renewable energy projects. PACE allows commercial, industrial, multi-family and private nonprofit property owners to finance 100 percent of such projects over 10 to 20 years and repay them through a special tax assessment. Read more.