CFO Sink Commends Governor Crist for Signing Energy Efficiency Legislation
CONTACT: Jayme O’Rourke, 850-413-2842
TALLAHASSEE – Florida CFO Alex Sink today commended Governor Crist for signing into law the Property Assessed Clean Energy (PACE) program, which gives local governments the option of providing loans for property owners to make energy-efficiency enhancements to their homes and engage in renewable energy projects.
“The PACE program is an innovative way for Florida’s property owners and governments to work together to increase Florida’s energy efficiency and promote energy conservation, energy security, and the reduction of greenhouse gases,” said CFO Sink. “Especially as we continue to confront the Deepwater Horizon oil spill, it is timely for Florida to implement programs like PACE and explore alternative options to secure our energy future.”
Funding for Florida’s proposed PACE program comes from proceeds of a revenue bond issuance; property owners then repay the loan through an assessment on their individual property tax bills. For more information on the legislation, click here.
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