San Diego, CA (PRWEB) August 09, 2013: The San Diego County Board of Supervisors has voted to bring the job-creating benefits of California’s most active commercial PACE provider – FIGTREE – to the region to help property owners finance money-saving energy efficiency, solar and water conservation improvements.
This week’s vote comes on the heels of a round of FIGTREE financing successes that made California commercial PACE history. FIGTREE Energy Financing has funded more commercial PACE projects in California using no public monies than any other provider.
PACE (Property Assessed Clean Energy) is a new breed of financing that provides commercial property owners with up-front private-sector capital to realize the money-saving benefits of energy efficiency, renewable energy and water conservation upgrades based strictly on property values – usually 10% of an assessed property’s value, sometimes more.
“PACE is another tool in the pro-business tool kit the County is making available to contractors and property owners to create jobs, slash energy costs and improve the integrity of our region’s building stock,” said San Diego County Supervisor Dave Roberts, who co-sponsored the legislation to bring PACE forward. This week’s action adds both FIGTREE and HERO’s commercial PACE programs to the County of San Diego’s menu of PACE providers. Read full story.