Are you looking for ways to save on your energy costs? Chances are that even if you aren’t, you certainly won’t turn down ideas on how to do so. One way you can save money both now and in the long run is by taking part in the PACE (Property Assessed Clean Energy) program.
This model is an economically and environmentally sound method for financing energy efficiency and renewable energy upgrades to your California home. When authorized by state law, programs such as this one enable local and state governments, and other inter-jurisdictional authorities, to fund the initial cost of energy improvement on residential and commercial properties. Over time, you pay back these costs through your property taxes, but you also receive tax benefits for making these upgrades.
How Did PACE Come to Be?
PACE financing for clean energy projects is based on an existing structure known as a “land-secured financing district,” which is often referred to as an assessment district or a local improvement district. The local government issues bonds in order to fund clean energy public projects such as streetlights and sewer systems. PACE allows this funding to extend to properties throughout the communities, beyond public property.
How Does This Benefit You?
It’s only natural that you want to know what’s in it for you. Sure, it’s great to be eco-friendly, but does that really save you money? The short answer is, yes! The primary benefit of using this program is that your upfront costs for upgrading your home will be covered, and you’ll save money on your monthly energy bills with better-performing appliances and systems.
Some of the home improvements you can make that will qualify you for this program include the installation of solar panels, energy-efficient appliances, windows, doors, and even drought-tolerant landscaping and astroturf.
To learn more about this innovative program and the HVAC services we offer throughout Hayward, CA and beyond, contact Comfy Heating & Air Conditioning Inc. today.