PACE legislation could be first of many for Solon

Solon City Council recently gave a first reading to legislation that would allow Chagrin Valley Soap & Salve to take advantage of low-interest Property Assessed Clean Energy (PACE) financing for roof replacement, Cleveland.com reports. The company “is seeking $103,000 in financing to repair or replace 20,000 square feet of roof on its facility, including insulation and lighting for better energy efficiency,” according to the article. In order to do that, the company must petition the city to place an assessment on its property. Coucilman Bob Pelunis said the city needs to make sure “we’re getting the word out” so other companies are aware of the opportunity for PACE financing, noting “there could be a lot of individual legislation coming before council in the future” from companies who want to take advantage of the program. For more, read the full article

Energy Efficiency, Project Finance