PACE

Energy Financing Districts:

Options To Strengthen & SustainOur Communities In West Palm

Beach

What is PACE?• PACE stands for “Property Assessed Clean Energy”

• PACE is a financing program:– Sponsored by a municipality with taxing authority – By which commercial and/or residential property owners opt into a voluntary special

assessment district– Property owners receive an up front payment that is used to finance energy

improvements and/or retrofits. – Property owners repay this obligation via an annual assessment on the property

owner’s property tax bill.

• Pioneered in Berkeley, CA; California passed enabling legislation in 2008

• Voted one of the “Breakthrough Ideas for 2010” by Harvard Business Review

PACE Is Coming To Florida• Florida municipalities have existing authority for PACE

• Many are already moving forward with enabling resolutions: Miami-Dade County, Leon County, City of St. Petersburg, others, including special districts

• PACE legislation is currently being considered in Tallahassee that would further clarify the legitimacy of PACE in Florida as an option to promote community-wide investment in renewable energy, energy efficiency , water conservation and hurricane preparedness

• Current status of PACE legislation in Florida:– SB 2322 – in final committee, Policy & Steering Committee on Ways

and Means, vote 4/15/10– HB 7179 – passed final committee 4/14/10, headed to floor vote

What PACE Can Do ForWest Palm Beach

•Community-Wide Retrofits•Reduced “Carbon Footprint”•Water Conservation: low-flow toilets; rain cisterns•Hurricane Preparedness: impact-resistant doors & windows•Energy Efficiency: ultra-efficient HVAC units; building insulation•Green Collar Job Creation: local contractors•Positive Community Engagement & Social Marketing

How Can EcoCityPartners Help?

•Turn-key Program: design, implementation, financing and administration

•Strategic relationships with the pioneers and leaders in Florida and throughout the U.S.

•Florida-based: Knowledge of the Florida landscape – the politics as well as the state/federal incentives key to developing the most effective model

•Community-specific social marketing campaigns for greater take rate

EcoCityPartners146 Second Street North, Suite 305

St Petersburg, Florida 33704

www.ecocitypartners.com