Lucas County PACE program benefits homeowners

The Toledo-Lucas County Port Authority’s pilot program to expand Property Assessed Clean Energy (PACE) financing to homeowners has “brokered more than $400,000 in loans to 39 dwellings,” The Toledo Blade reports. Elana Echols used the program to finance a new, energy-efficient furnace, and “said the lower energy bills she paid during the winter offset the higher amount on her property tax,” according to the article. Port authority leaders “are now working to expand the residential PACE program to a statewide initiative.” Columbus, Cleveland, Toledo, Akron and Canton have already signed on to participate. Paul Toth, outgoing president and CEO of the port authority, “said he believes the full program will be up and running by the end of the year.” For more, read the full article.

Energy Efficiency, Project Finance, State Updates