PACE in Georgia
Georgia passed PACE-enabling legislation in 2010 and there is one commercial PACE program in development.
PACE programs in development
A PACE program in Atlanta, Georgia is being spearheaded by Ygrene Energy Fund. In October 2012, Invest Atlanta, the Economic Development Authority for the City of Atlanta, decided to go forward with Ygrene’s Clean Energy Atlanta program.
Clean Energy Atlanta, managed and funded by Ygrene, will provide 100% financing to commercial property owners for renewable energy and energy efficiency improvements. Financing is repayable over the long term via property taxes, making projects affordable – an innovative tool that allows you to add value to your home or business with no upfront costs.
According to Ygrene, Clean Energy Atlanta can create 2,800 new jobs, generate $480 million in economic activity, and achieve tremendous reductions in carbon dioxide that contributes to global warming. Ygrene sets up a fully-funded, turnkey clean energy programs.
Any energy-saving or renewable energy-producing improvement that is permanently affixed to the property is eligible for funding through PACE. Eligible project groups include energy efficiency retrofits, water conservation measures, and renewable energy generation systems.
PACE Municipalities in Georgia
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