From the governor's office:
House Bill 1692 contains numerous provisions, including one to spur energy efficiency and conservation through the Property Assessed Clean Energy (PACE) program. This lets cities and counties issue bonds and provide financing for all upfront costs of energy efficient upgrades, renewable energy upgrades and energy audits for homes and businesses. Those upgrades can be costly, and this assistance will help many projects move forward. The bill was supported by a broad range of groups including utilities, consumer advocates and environmental groups.
