HARRISBURG, May 23, 2018 – The state House of Representatives today overwhelmingly approved legislation sponsored by state Sen. John Blake (D-Lackawanna/Luzerne/Monroe) that will generate significant economic development, create jobs and enhance Pennsylvania’s clean energy portfolio.
Senate Bill 234, which now heads to the Governor’s desk, will establish Pennsylvania’s Property Assessed Clean Energy (PACE) program which is a financing mechanism that enables low-cost, long-term funding for energy efficiency, renewable energy and water conservation upgrades to commercial, agricultural or industrial properties.
“I applaud my colleagues in the House for their help in moving this critically important and economically impactful clean energy legislation to the Governor’s desk,” Blake said. “Presently, the upfront cost of installing energy-efficient or clean energy technology can be prohibitive; our legislation provides a common sense, market-driven, and voluntary solution to this problem – one that has proven to work across the United States and we are excited to see start here in Pennsylvania.”
Blake worked closely with state Sen. Guy Reschenthaler (R-Allegheny/Washington) and a diverse group of stakeholders from the business, labor and environmental communities on the bipartisan legislation over the past two years.
Under Senate Bill 234, a local government would be able to choose to participate in or develop a PACE financing program. PACE financing would not require any public funds; participating local communities would be tasked with collecting the assessment on the improved building and remit it for payment on the debt incurred from the building’s energy-efficiency and clean energy technology upgrades.
Senate Bill 234, which passed the House by a 163-28 vote, passed the Senate by a 42-8 vote in January.
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