27 Feb '15, 1pm

Improving energy efficiency of multifamily buildings by 20% would save $7billion in energy costs a year. @GBAdvisor

Officials from California and the U.S. Department of Housing and Urban Development have outlined plans to increase spending on energy efficiency and solar energy for multifamily buildings in the state. In a news release, the White House said that a pilot program in California would tap into a type of financing called Property-Assessed Clean Energy (PACE). According to the website DSIRE Solar , PACE financing allows property owners to borrow money from local governments, spreading the cost of solar installations over a long period of time. Loans are repaid with a special assessment on property taxes, a utility bill, or another locally collected tax. California Gov. Jerry Brown plans to establish a PACE pilot partnership with the MacArthur Foundation to allow certain multifamily projects access to this "robust source of capital" for installing renewable energy systems and ma...

Full article: http://www.greenbuildingadvisor.com/blogs/dept/green-buil...

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