PACE financing is expected to be in the spotlight next Legislative Session
Short for Property Assessed Clean Energy, PACE allows homeowners to borrow money for energy-efficient home improvements such as new windows or rooftop solar panels, including much-needed hurricane resiliency projects.
Unlike traditional financing, homeowners pay back the cost through assessments on their property tax bill.
Last week, freshman Republican Rep. Ardian Zika filed a bill that would put overreaching restrictions and layers of regulations on the financing vehicle.
Why? Pasco County Tax Collector Mike Fasano has been fishing for a sponsor and the otherwise well-meaning freshman lawmaker took the bait, presumably because the more experienced legislators in the Pasco delegation gave it a hard pass. [click for full article]