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PACE Program Offers Energy Improvements Financing

It will soon be easier for Property owners in Nevada County to finance the installation of energy efficient improvements. Treasurer Tax Collector Tina Vernon got Board approval Tuesday authorizing the County to join Sierra Valley Energy Authority as a non voting associate member to allow mPower Placer to establish and administer a program in the unincorporated areas of Nevada County.The program is called PACE for Property Assessed Clean Energy, ┬áJenine Windeshausen, Placer┬áCounty’s Treasurer and Tax Collector explained how they will accept applications from property owners for loans that would be amortized over 5,10,or 20 years, depending on the useful life of the improvement and the amount funded. Then an annual assessment would be placed on the property tax role for collection. Nevada County Treasurer Tax Collector Tina Vernon has worked to bring the program to Nevada County.

click to listen to Tina Vernon

The projects must be fixed to the real property and show energy efficiency or create renewable energy sources. Vernon says the PACE program will be a boost for the entire county.
click to listen to Tina Vernon

Windeshaysen says mPower Placer will be scheduling days soon to be in Nevada County and give property owners a chance to learn more about PACE, and if they choose to apply for a loan.

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