Government Introduction Page
The California PACE™ financing plan unlocks the energy independence and money savings potential of renewable energy and high-efficiency upgrades.
By placing the power of Property Assessed Clean Energy (PACE) financing behind your agencies goals for sustainability, Figtree has created a way for property owners to do the right thing - upgrade their buildings with energy and water efficient systems.
The PACE financing mechanism, initially authorized by Assembly Bill 811, allows property owners in participating counties or cities to finance energy upgrades through a voluntary property assessment. Unlike typical assessment districts, only voluntarily participating property owners pay back their financing as a line item on their property tax bills. This highly secured and flexible financing structure attracts private capital to the energy-efficiency market and makes property owners' payoff of energy upgrades more attractive than ever before.
From project inception to completion, Figtree offers turnkey services for municipal agencies and property owners alike. In short, Figtree makes saving energy (and money) easier than ever.
California PACE™ is a program of the California Enterprise Development Authority (CEDA), a joint powers authority, which acts as bond issuer and facilitates the formation of the assessment district that spans the multiple jurisdictions participating in California PACE™.
California PACE™ is administered by Figtree Energy Resource Company - if at any time you have questions or need our support, please call 877-577-7373 and a Figtree representative will assist you.
Municipal agencies benefit from:
- Creating new jobs
- Attracting new businesses
- Increasing permit and sales tax revenues
- Enhancing existing energy initiatives
- Complimentary program set up and management (a no-cost program for public agencies)
