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Residential PACE in Vermont: Londonderry creates a PACE district

Anna Boarini – Staff Writer

POSTED:   03/07/2014 02:16:10 PM EST

Bob Borella, Londonderry energy coordinator, said PACE is a way to finance energy improvements, such as energy efficiency or renewable energy projects.

“Basically, any homeowner can apply for money to do any kind of energy improvements,” Borella said. “You do not have to lay out the money up front. The financing is provided through the state PACE program and in essence, you pay the money back in something that is very similar to tax property assessment.” Read more.