The public entity provides or enables financing, and the private entity sees the value of the improvement added as a lien against their property that they can pay off over time. It therefore makes sense for a public entity and property owner to share the responsibility for these investments. ![]() Paying for improvements in this way is not a new idea – special purpose property assessments have long helped finance communal improvements such as sidewalks and sewer lines.Īssessments are a logical choice for energy projects because investments in energy have both public (economic development, reduced emissions, reduced resource extraction) and private benefits (increased property value, reduced energy costs). PACE programs reduce the upfront costs of clean energy by allowing building owners to pay these costs over time as an add-on to their property tax bill. Today, we’re taking a closer look at PACE specifically in North Carolina.īut first: A quick recap on PACE. ![]() Property Assessed Clean Energy, or PACE, is a useful tool for any innovative financier’s toolkit.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |