Energize AZ > Idea Category > Funding Efficiency Projects

IDEA 08

ENACT PROPERTY ASSESSED CLEAN ENERGY (PACE) FINANCING

The Arizona State Legislature enacts PACE enabling legislation into the Arizona Revised Statutes, allowing property owners to fund energy efficiency projects on their homes and commercial buildings through a low-cost, local government loan which is repaid by a multiyear tax assessment that remains an obligation on the property rather than the property owner, regardless of sale or transfer.

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IDEA 09

PROVIDE ON-UTILITY BILL FINANCING

A utility provides, through a partnership with a lending institution, the ability for a homeowner or business owner to finance energy efficiency improvements and make payments on the loan through their monthly utility bill.

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IDEA 10

ISSUE QUALIFIED ENERGY CONSERVATION BONDS (QECBs)

A local government issues federally-qualified bonds and lends funds out to residents and businesses at low interest rates to undertake energy efficiency upgrades.

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IDEA 11

BUY DOWN PRIVATE LENDING

A local government marginally raises sales taxes on energy sales to fund interest rate buy-downs of loans from a private sector lender for energy efficiency upgrades.

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