California’s massive building code revisions, called Title 24, target achieving sea-changing growth in energy efficiency investments by eliminating the conflicted and uncertain economics that currently constrict energy efficiency project financing.
PACE, offered by the county through the Ygrene Energy Fund, which administers the program, assists businesses and homeowners in financing energy efficiency, water conservation, and renewable energy upgrades. The improvements are paid for by a voluntary tax on the owner’s property tax bill.
The owner of three Connecticut commercial buildings has received more than $5 million in private financing through the state’s Commercial Property Assessed Clean Energy program.
A program the state approved three years ago makes it easier and cheaper for consumers and businesses to pay for energy-efficiency retrofits. Why is it taking so long to get off the ground?
Every year, American building owners lose billions of dollars as they overpay for energy to power their lighting, heating, and cooling systems, as energy is wasted in obsolete equipment or leaks out of a porous building envelope.