Pennsylvania established a long-term funding to allow low-cost clean energy technology and water conservation upgrades to commercial and industrial properties.
On Tuesday, Gov. Wolf announced that he signed Senate Bill 234, which authorizes the creation of Pennsylvania’s Property Assessed Clean Energy (PACE) program.
A triple victory for Pennsylvania
Gov. Wolf’s administration said the PACE program will help small businesses save money on electricity and water bills. The program will also boost the state’s economy through the creation of good paying clean energy jobs.Additionally, it will make Pennsylvania’s air and water cleaner. In other words, the PACE program is a triple win for Pennsylvanians.
In a statement, Gov. Wolf said, “This innovative financing mechanism will support the creation of new clean energy and energy efficiency projects throughout the commonwealth.”
The governor added that the PACE program will also raise property values, and increase employment opportunities. It will also lower the cost of doing busines in Pennsylvania.
