INDUSTRY NEWS: EnviroPolitics Names SmartWatt As PACE Supporter
SmartWatt was mentioned in EnviroPolitics for supporting Pennsylvania legislation that would allow local governments to work with private lenders on low-cost and long-term energy systems optimization projects at commercial and industrial facilities.
The legislation, officially named SB-234, would establish the state’s Property Assessed Clean Energy (PACE) program. Currently, 33 states plus the district of Columbia, have voluntary PACE financing for such projects like new mechanical systems, lighting system improvements, building automation system improvements and new solar PV systems. This economic development tool also enhances property values and employment opportunities, lowers the cost of doing business, and expands the use of energy saving technologies.
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