Butte County, CA joins commercial PACE Program run by Figtree


Butte County is taking the lead in a program that provides an alternative funding source for businesses or agricultural interests that want to invest in green energy or water-efficiency projects.

The totally voluntary program allows a borrower to get the funding without going through all of the underwriting procedures a standard loan would require.

Documents provided to the supervisors said the payback for the financing will be attached to the tax bills.

The program called PACE, which stands for “property assessed clean energy,” focuses on getting renewable energy sources in place, such as solar panels or wind turbines. According to Jennifer Macarthy, Butte County’s economic and community development manager, that would encourage business growth, provide jobs in the green power industry, and also reduce greenhouse gases.

Residential projects are not part of the program. Only manufacturing, commercial and industrial businesses as well as agricultural operations are eligible for PACE funding.

About Author

Walter’s contributions to CleanTechies over the past 4 years have been instrumental in growing the publications social media channels via his ongoing editorial and data driven strategies. He is the founder and managing director of Sunflower Tax, a renewable energy tax and finance consultancy based in San Diego, California. Active in the San Diego clean technology community, participating in events sponsored by CleanTech San Diego, EcoTopics, and Cleantech Open San Diego, Walter has also been a presenter at numerous California Center for Sustainability (CCSE) programs. He currently serves as an adjunct professor at the University of San Diego School of Law where he teaches a course on energy taxation and policy.

Comments are closed.