Sidney approves city-wide ESID district

Sidney City Council members passed a resolution establishing a city-wide energy special improvement district (ESID), making commercial buildings within the city eligible for the Property Assessed Clean Energy (PACE) program, the Sidney Daily News reports. PACE “is a flexible financing tool to help commercial building owners pay for energy efficient building improvements with no money out of pocket,” the article reports. Michael Katz of Bricker & Eckler LLP answered council members’ questions about PACE, and “outlined the duties, composition and function of the [ESID] board.” Katz noted “the current district would apply to commercial, industrial and multi-family properties,” and that a residential PACE program could “soon be available in Ohio.” For more, read the full article.

Energy Efficiency, Project Finance, State Updates