EnergizeNY Introduces PACE Program to State Jurisdictions

NYC-EnergizeNY

Committee Explores EnergizeNY Program

The Lansing Star, November 21, 2014

The Planning, Energy, and Environmental Quality Committee of the Tompkins County Legislature today responded enthusiastically to a presentation from EnergizeNY Finance, the entity established by New York State to operate the State’s property assessed clean energy (PACE) program.

The PACE program, approved by the State in 2009, offers low-cost long-term financing for energy efficiency and renewable energy projects, supporting up to the entire project cost, for owners of non-residential properties, with repayments collected by the municipality through a charge on the tax bill. 

EnergizeNY’s Joe Del Sindaco told the committee that, to offer this option, the County, as municipality with senior tax lien authority, would need to approve a local law approving the program within its taxing jurisdiction and request to join, at no charge, the Energy Improvement Corporation (EIC).  The EIC is the not-for-profit Local Development Corporation established to increase energy efficiency and renewable energy through programs including EnergizeNY.

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