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Nebraska lawmakers pass PACE bill to open up efficiency, renewable generation

Nebraska’s Governor Pete Rickets signed on Thursday a bill that will allow PACE programs to operate in the state. This action brings the number of PACE-enabled states to 33 plus D.C.!

See Utility Dive’s analysis of the bill below:

Dive Brief:

 

  • Nebraska lawmakers have overwhelmingly passed a measure allowing for Property Assessed Clean Energy (PACE) financing, a move which could help alleviate heavy up-front costs for some energy efficiency projects, Midwest Energy News reports.
  • Senator Heath Mello (D), who sponsored the bill, introduced similar legislation a half dozen years ago but the proposals received little interest, with banking lobbyists opposed to the arrangement.
  • The legislation includes a $5 million cap on any single PACE bond, but allows for municipalities to fund larger projects following a referendum.

Read more.

MikeNebraska lawmakers pass PACE bill to open up efficiency, renewable generation
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