The city would devote perhaps $10 million for financing PACE projects for the next five years. Participants would agree to pay for the upgrades as an addition to property taxes over 10 to 20 years.
Placer and Sonoma counties and Palm Desert are among local agencies in California with PACE programs.
Windeshausen said the projects in her county have ranged in cost from $25,000 to $300,000. She said that some business owners have been eager to improve their profit margins through energy savings. “The contractors are all over this,” she added. Read full story.