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Combined Heat and Power Partnership

Los Angeles County - Commercial PACE

dCHPP Glossary (PDF) (2 pp, 53K)

Date Last Updated5/15/2013
Incentive TypeCommercial PACE; Loan
Incentive Administrator/Contact OfficeEnergy Upgrade California
Incentive Initiation Date1/1/2010
Incentive Size and Funding SourceCurrently, $2 million in grant funds have been set aside to be used as a debt service reserve fund backing PACE bond financing for projects. This PACE program allows Los Angeles businesses to finance up to 100% of the cost of improvements that save water or energy, or create renewable energy onsite. Improvements are repaid twice a year through a special assessment on the business's property taxes. Because PACE investors are fully secured through a voluntary contractual assessment, PACE investors have the security to offer financing at lower rates and over longer periods of time than has been normally possible.
Eligible RecipientCommercial, industrial, and multi-family property owners in Los Angeles County may be eligible for the county's PACE program. The property must be located within Los Angeles County, and within the boundaries of a city that has adopted a resolution to join the County-wide PACE district.
Eligible FuelDoes Not Specify
Eligible Project Size (MW)Does Not Specify
Minimum Efficiency Required (%)Does Not Specify
Other Selected Eligibility CriteriaTechnologies such as fuel cells and fuel cells using renewable sources are listed as eligible improvements, but other technologies that are permanently affixed to the property and have proven energy or water savings may be eligible on a case-by-case basis.
Application Form(s)PACE Initial Application
PACE Final Application
Resource Website(s) https://lapace.org/ exit EPA

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