To meet New York’s goal of reducing emissions 85% by 2050, it is necessary to renovate building stock and deploy renewable energy. Our webinar's speakers shared how these improvements can be supported through PACE or NY Green Bank financing as well as how local governments can promote these improvements through their planning review processes.
PACE, or Property-Assessed Clean Energy Financing, can reduce the high initial costs of energy efficiency or renewable energy installations by providing upfront financing for energy efficiency or renewable energy that reduces emissions, repaid through a tax lien on the property that is partially offset by energy cost savings. Municipalities that enable PACE are eligible for up to 500 points under the CEC Program.
Webinar attendees learned crucial information about how EIC PACE and NY Green Bank finance or co-finance these types of projects. In addition, the webinar covered Orange County’s newly revised 239 Review Process, which recommends solar installations for all large new warehouses in the County and educates developers and real estate owners about PACE Financing as a potential financing mechanism.
The webinar slides, a recording of the webinar,Q&A responses, and additional resources are available on the CEC Institute webpage. Thanks for listening in!
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