Published: August 6, 2014
NEW PORT RICHEY — Pasco County officials hope to keep PACE with other cities and counties that offer financing for homes and businesses to build projects for greater energy efficiency or clean-energy conservation.
Property Assessed Clean Energy loans can apply to renewable energy improvements and wind resistance upgrades, George Romagnoli, Pasco community development manager, said in a memo to county commissioners.
Examples include more efficient air conditioning systems, window replacements, strengthening roofs and raising buildings above the flood-zone elections.
The typical interest rates on a PACE loan are 6 percent to 7 percent. The loan amount cannot exceed 20 percent of the value of the property. See more.