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PACE in VA: Letter to the Editor, Let’s make PACE happen

 Jane Twitmyer, Merrifield

Dear Editor: Six members of the community spoke on behalf of creating a Property Assessed Clean Energy loan program last week at the Loudoun Board of Supervisors meeting. PACE will offer building owners 100 percent financing to make clean energy improvements. The speakers all believe PACE is a win for building owners, for the county’s economy and jobs, for the bankers who participate, and for the climate, too.

Buildings use 70-plus percent of our region’s electricity. Credible sources have told us since 2009 that we can save billions of dollars in reduced energy costs if we invest in making all our buildings efficient. Deutsche Bank estimates that every dollar invested in building efficiency will produce three dollars worth of savings for building owners, adding $61/square foot to the property’s sales value. This saved money goes from operating expense straight to the bottom line, creating additional money to spend. Read more.