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PACE administrator urges Lincoln to join statewide open program to finance home resilience upgrades
Summary
A representative of Home Run Financing urged the council during public comment to adopt a resolution joining a statewide open PACE program administered by the California Statewide Communities Development Authority to allow homeowners access to property assessed clean energy financing for resiliency and energy upgrades.
A property‑assessed clean energy (PACE) administrator spoke during public comment and asked the council to adopt a resolution to join the California Statewide Communities Development Authority’s (CSCDA) open PACE program so Lincoln property owners would have access to PACE financing.
Gabe Hulbert, representing Home Run Financing (a PACE administrator), described PACE as a financing mechanism that allows property owners to pay for energy efficiency, water conservation and resiliency improvements through a special property tax assessment with no taxpayer dollars at risk to the city. Hulbert said PACE has financed more than $2.71 billion in private capital statewide and that providers have added consumer protections since AB 1284 was passed in 2018.
Hulbert said Lincoln is already a CSCDA member and that by passing a resolution to join the open PACE program the city would enable homeowners to access PACE providers and financing with no cost to the city.
Council did not take action on the request during the meeting; staff previously indicated they bring many such proposals to council for consideration after analysis.
Why it matters: Joining an open PACE program would enable voluntary, privately financed energy and resilience upgrades for homeowners; the city would need to review program terms and consumer protections before approving any resolution.
