California Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 04/26/2013
Program Overview:
| State: |
California |
| Incentive Type: |
PACE Financing |
| Eligible Efficiency Technologies: |
Lighting, Lighting Controls/Sensors, Chillers , Furnaces , Boilers, Heat pumps, Central Air conditioners, Programmable Thermostats, Energy Mgmt. Systems/Building Controls, Windows, Motors, Motor VFDs, Custom/Others pending approval |
| Eligible Renewable/Other Technologies: |
Solar Water Heat, Photovoltaics, Fuel Cells, Fuel Cells using Renewable Fuels |
| Applicable Sectors: |
Commercial |
| Web Site: |
http://lapace.org/
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Summary:
Businesses in Los Angeles County may be eligible for the county's Property Assessed Clean Energy (PACE) program. PACE programs allow businesses to finance energy and water efficiency projects which are repaid through a special assessment on the business's property taxes. The property must be located within Los Angeles County, and within the boundaries of a city that has adopted a resolution to join the County-wide PACE district . The technologies listed above are examples of eligible improvements, but other technologies that are permanently affixed to the property, and have proven energy or water savings, may be eligible on a case-by-case basis. The LA County Commercial PACE Program utilizes an “open market” approach, where property owners may negotiate project-specific terms with the PACE investor of their choice, including banks that holds the first mortgages..
More information is available on the web site above.
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Contact:
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LA PACE Program Administrator
Phone: (877) 785-2237
E-Mail: info@lapace.org
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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