(first published Friday, Sept. 17, 2010 at StarkReports.com)
The PACE (Property Assessed Clean Energy) program is simple and brilliant: Cities borrow money using their credit and then make that money available to homeowners who, in turn, use it to install solar systems and other green technologies. The money given to homeowners is paid back by special assessments on their property taxes.
By all accounts, the PACE program is remarkably successful: It's been adopted by 23 states and the District of Columbia. It creates jobs, lowers utility bills for homeowners, cuts pollution and easily transfers to new homeowners when homes change hands.
continued at Daily Kos....
