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PACE signed into law in Colorado

The bill builds on earlier legislation allowing Property-Assessed Clean Energy (PACE) programs at the local level. Boulder County’s successful “ClimateSmart” program is an example of a PACE program. PACE programs use an independent district to sell bonds and loan the proceeds to property owners, who could then install energy-related upgrades immediately and pay back using energy savings over time. Payments are made along with their property tax bill. Energy efficiency and renewable energy options, such as solar, qualify under the program, dubbed CPACE. Read full story.