| On November 18, New York State announced | | | | hot water/heating, or geothermal heat pumps. All of |
| passage of the municipal clean energy loan program, | | | | which would improve the nation’s green energy |
| which allows communities to leverage Property | | | | profile, reduce the use of fossil-fuel generation, and |
| Assessed Clean Energy (PACE) loan programs to | | | | help provide energy security in an increasingly |
| further an agenda of energy efficiency and | | | | troubled world. |
| renewable energy. | | | | The program would be especially helpful in New York |
| The bill was passed in special session at the urging of | | | | city, where a plethora of older, ‘energy hog’ |
| its promoter, Steve Israel (D-NY), who has been | | | | buildings and high electricity prices make retrofitting |
| instrumental in seeing the measure come to fruition in | | | | for efficiency mandatory if the city is to meet its |
| spite of the state’s legislative foot-draggers. | | | | reduced energy mandate under a new “green |
| The move effectively reverses a long-standing law | | | | building” law recently instituted by Mayor Michael |
| which prohibited cities and municipalities within the | | | | Bloomberg. |
| state from assessing loan payments via property | | | | This law, which will require building owners and |
| taxes, and puts said municipalities on par to engage in | | | | managers to conduct regular energy audits and |
| competitive bidding for funds. It also allows property | | | | retrofit for energy efficiency in a cost-effective |
| owners to opt for the increased yearly tax burden | | | | manner, takes effect in 2013 and applies to buildings |
| to pay for energy efficiency and renewable projects | | | | larger than 50,000 square feet. Owners and |
| over a longer period. | | | | managers will also be required to benchmark |
| PACE, which has a double handful of support from | | | | building’s energy use against other, similarly sized |
| such “green” agencies as the Environmental | | | | and purposed structures. |
| Defense Fund, the National Resources Defense | | | | Across the entire state, Paterson has established the |
| Council, the Sierra Club and the Solar Energy | | | | “45 by 15” initiative, which requires New York |
| Industries Association, is an approved vehicle for | | | | to meet 45 percent of its electricity needs through |
| renewable energy funding in such solar cities as San | | | | renewable energy and improved building energy |
| Diego, California and Boulder, Colorado, and in the | | | | efficiencies by 2015. |
| states of Louisiana, Maryland, Michigan, New Mexico, | | | | This is one of the most stringent renewable energy |
| Oregon and Wisconsin. | | | | standards in the nation, and meeting it would be |
| In October, Vice President Joe Biden dedicated $454 | | | | difficult to impossible without the emergency |
| million in ARRA (the American Recovery and | | | | legislation, since the state’s NYSERDA (New |
| Reinvestment Act) funding to support PACE | | | | York State Energy Research and Development |
| programs. The program is called “Recovery | | | | Authority) program cut back incentives in |
| through Retrofit”. Applications are due in | | | | mid-October to prevent the money from running out |
| December and awarded on a competitive basis. | | | | altogether. |
| PACE bond funding could, according to its advocacy | | | | The new, lower level of funding for solar photovoltaic |
| group PACE Now, top $500 billion, leading to | | | | installations now stands at $2.50 per watt, down |
| increased (and badly needed) energy efficiency | | | | from $3, with incentives for commercial and nonprofit |
| upgrades to older buildings to reduce energy use, or | | | | solar also cut. So the PACE measure offers renewed |
| providing an opportunity for homeowners and | | | | hope to solar manufacturers and installers, as well as |
| businesses to install renewable energy technologies | | | | homeowners and businesses eyeing solar energy as a |
| like solar photovoltaic energy systems, solar thermal | | | | path to a clean energy future. |