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County hears PACE financing briefing for commercial energy upgrades
Summary
A presenter described Property Assessed Clean Energy (PACE) financing to commissioners as a county-level, opt-in mechanism that can fund commercial energy and water-efficiency projects through a property assessment lien; no action was taken, but staff outlined next steps.
An unidentified presenter briefed Limestone County commissioners on Property Assessed Clean Energy (PACE), a financing mechanism that allows commercial property owners to finance energy and water-efficiency upgrades and repay via a property assessment lien.
The presenter explained that PACE is an opt-in program enabled by state law and used by many cities and counties. “The program itself was enabled through the state law,” the presenter said, and described the basic steps for county adoption: a public briefing, a resolution of intent that sets a public hearing date, and then a separate meeting to consider a resolution to establish the program.
Commissioners asked whether city approval would be required for projects inside municipal limits; the presenter replied that a county adoption would allow commercial properties anywhere in the county to access PACE and that the county generally would not pay program costs because administrative fees are collected from projects. The presenter emphasized that if the county chooses to move forward there would be two formal actions required on future agendas: a resolution of intent and then a resolution to establish the program.
