Solar Panels in Park

Figtree PACE: Energy Solutions for Your Community

A growing number of cities and counties throughout California including, recently, the City of San Diego, have adopted the Figtree PACE program – a new way to finance energy and water efficiency and renewable energy building improvements. This innovative and proven financing model is made available through the California Enterprise Development Authority (CEDA), a statewide Joint Powers Authority. Operating under Assembly Bill 811, Figtree PACE enables property owners to make payments for Property Assessed Clean Energy (PACE) financing through a line item charge on their property tax bill.


Figtree PACE Benefits Your Community

  • Stimulates your local economy. $4M invested in energy retrofits can create $10M in gross economic output and $1M in combined federal, state and local tax revenues.
  • Creates local jobs. $4M invested in energy retrofits will create 60 jobs in your community.
  • Reduces greenhouse gas emissions. Figtree PACE enables GHG-reducing building improvements and supports the efforts identified in your Climate Action Plan.

Source: ECONorthwest, 2011


Figtree Gives Value to Your Energy Initiatives

  • Turnkey Solution. Figtree PACE has already been successfully implemented in over 25 jurisdictions and provides a complete financing solution for energy upgrade projects in your community.
  • Program Marketing. Figtree implements a comprehensive marketing strategy to engage local contractors and property owners.
  • Non-exclusive. There is no exclusive arrangement created, ensuring the local government has a competitive PACE market.

No Cost and No Liability to Your City or County

  • No Cost Program. There are no costs to local government agencies to make the program available. No costs for setup, assessment district formation, or implementation.
  • No Liability. Your City or County is protected by complete indemnification.
  • No Debt. Bonds issued to finance projects are issued by CEDA and your local government agency has no obligation to any bonds.
  • No Ongoing Resources Required. Figtree administers all day-to-day operations including calculating charges to be placed on the County Tax Roll for PACE collections.
FAQ

Frequently Asked Questions

Get answers to commonly asked questions about Figtree PACE implementation for local government agencies.

FAQ's Here
California PACE

Let's Get Started

Follow our streamlined process to make Figtree PACE financing available to
your community.

Learn How to Get Started