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Even though there are questions about the long-term viability of Property Assessed Clean Energy (PACE) residential programs at the federal level due to federal regulators' concerns about the first lien status of PACE assessments over a homeowner's mortgage, a unique program has been initiated by City of Cleveland and 14 member communities, which is referred to as Cleveland-First Suburbs
On June 9, The Cleveland - First Suburbs Solar Special Improvement District Pilot Program (District) was awarded an EfficientGovNow grant after voters cast nearly 17,500 votes in May
The recently enacted Hiring Incentives to Restore Employment (HIRE) Act has authorized Ohio issuers of Qualified Energy Conservation Bonds (QECBs) to elect to receive a direct payment from the federal government rather than have holders of QECBs claim a tax credit in lieu of interest, as was prior law
Ohio Bill 1 (HB 1), the biennial budget bill effective October 15, 2009, granted municipalities and townships the authority to create Special Improvement Districts (SIDs) and Property Assessed Clean Energy (PACE) programs that offer "assessment-based financing" for property owners seeking to install solar systems on their property
Property Assessed Clean Energy (PACE) programs allow financing of energy efficiency and renewable energy improvements using special assessments that secure local government bonds, notes or other obligations that do not require the borrower or the sponsoring local government to pledge its credit
