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September 22, 2010 – With a vote by the city council, California PACE™ financing is now available to property owners in the City of Palm Springs.

Under California Assembly Bill 811, California property owners in special assessment districts may enter into voluntary contractual assessments against their properties to finance energy-efficient products. The financed amount is repaid over time through annual property tax assessments, the charge appearing as a line item on the property tax bill.

California PACE™ (Property Assessed Clean Energy) offers property value based financing at a fixed rate. Applicants do not submit a credit check and there is no down payment.

The administrator of California PACE™ is Figtree Energy Resource Company, located in San Diego, California. Both residential and commercial property owners can find general information, disclosures and applications at www.figtreecompany.com.