By Nadin Abbott

Photos by Tom Abbott

April 25, 2013 (Santee)—Three items before the Santee City Council this week reflect a growing green agenda. These included adoption of a program to help residents finance solar energy and energy efficiency improvements, declaration of May as bike to work month, and announcing April 27 as Arbor Day, when trees will be planted as part of SanTree Fest.

Council voted unanimously to join FigTree Energy Financing’s Property Assessed Clean Energy (PACE) program, which allows residents to finance solar and energy-efficient projects at low finance rates with zero cost to the city. http://www.figtreecompany.com/

September 19, 2012 (San Diego)—A new state program to help business owners invest in solar and other energy-saving projects with zero up-front costs launched yesterday in San Diego County. 

The Property Assessed Clean Energy Program (PACE) enables commercial property owners to use their properties as collateral for energy upgrades—and to pay off those costs through their property tax bills.

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PACE programs are among the most promising ways that ordinary Americans can spur the economy, create jobs, save money and lessen the nation’s dependence on foreign oil…Challenging economic times like ours call for decisiveness and action, not the fear and disinterest exhibited by FHFA.” – Supervisors Dianne Jacob and Pam Slater-Price, in a letter to President Barack Obama

By Miriam Raftery
 

July 13, 2010 (San Diego’s East County) – Last week, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will not buy or sell mortgages for homes enrolled in municipal solar financing programs called PACE (Property Assessed Clean Energy). The programs allow homeowners to spread the cost of rooftop solar and other energy efficiency measures over 20 years, paid as part of their property tax bills.

The decision casts a pall over the County of San Diego, which planned to launch its PACE program this summer.