Governor Sonny Perdue, GA, Signs PACE Bill

On Friday, May 21, Governor Sonny Perdue signed House Bill 1388, which includes provisions for Property Assessed Clean Energy (PACE). SEEA, in collaboration with its private and public partners, was the leading organization spearheading the effort behind this bill. The bill allows property owners to finance water conservation, energy efficiency, and renewable energy projects on private property through voluntary property assessments. This approach eliminates the chief barrier to successful water and energy conservation projects: the large upfront cost. Under PACE programs, counties or cities have the ability to form a "special tax district" or "assessment district" to finance energy improvements. Under Georgia's new bill, local development authorities will be the ones running the new PACE program.  Please click here to read the full text of the bill.