DATE:
March 15, 2022
11
TO:
Board of Supervisors
SUBJECT
Title
EXPANSION OF COMMERCIAL PROPERTY ASSESSED CLEAN ENERGY (PACE) PROGRAM (DISTRICTS: ALL)
Body
OVERVIEW
State law provides for Property Assessed Clean Energy (PACE) programs, which give residential and commercial property owners a way to finance energy efficiency, water conservation, and renewable energy improvements through the use of secured property tax assessments. Since 2009, the County has approved various PACE programs in the past with CaliforniaFIRST, Figtree, HERO, Ygrene and AllianceNRG. Today's action is to approve a resolution to expand the Figtree PACE program to include seismic strengthening, EV charging infrastructure, and wildfire suppression and safety improvements.
RECOMMENDATION(S)
CHIEF ADMINISTRATIVE OFFICER
Adopt the Resolution entitled:
RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF SAN DIEGO AUTHORIZING THE CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY TO CONDUCT CONTRACTUAL ASSESSMENT PROCEEDINGS AND LEVY CONTRACTUAL ASSESSMENTS WITHIN THE TERRITORY OF THE COUNTY OF SAN DIEGO; AND AUTHORIZING RELATED ACTIONS
EQUITY IMPACT STATEMENT
PACE enables property owners to finance the usually large, up-front costs of energy or other eligible improvements on a property through their property tax bill. The program was created in part to address equity issues by making sustainable energy improvements more affordable for homeowners that otherwise may not have been able to make these improvements. Demographic information will need to be requested from the individual program administrators to determine trends or patterns regarding program utilization.
FISCAL IMPACT
There is no fiscal impact associated with today's action. There will be no change in net General Fund cost and no additional staff years.
BUSINESS IMPACT STATEMENT
N/A
Details
ADVISORY BOARD STATEMENT
N/A
BACKGROUND
In 2008, AB 811 was enacted in California with the hope of stimulating the increased en...
Click here for full text