Ohio Will Become 4th State to Offer Residential PACE for Energy Improvements

Jul 27, 2019 | News, Newsletter

John Caleb Bell
Bricker & Eckler

 

 

Homeowners in Summit, Franklin and Lucas Counties will soon have access to low-interest loans for energy efficiency improvements through property assessed clean energy (PACE) financing. In Summit County, the City of Barberton will begin offering residential PACE (or RPACE) to homeowners. In Franklin and Lucas Counties, the cities of Bexley and Toledo have authorized agreements with the Toledo-Lucas County Port Authority to offer RPACE to their residents.

RPACE loans will be available to homeowners for energy efficiency upgrades to HVAC, windows and doors, roofing, insulation and other improvements. Property owners can finance projects through the 5- to 20-year loans, which are repaid through a voluntary assessment on their property tax bill.

RPACE is expected to roll out statewide by the end of 2019. Ohio will become the fourth state to offer RPACE programs, according to Chris Burnham, president of the Development Finance Authority of Summit County (DFA). The U.S. Department of Energy reports that, as of 2019, more than 200,000 homeowners have made $5 billion in energy efficiency and other improvements through RPACE financing in the three other states offering RPACE programs: California, Missouri and Florida.

Commercial PACE financing has already been available to businesses, government entities, and nonprofits in more than 20 of Ohio’s counties. In 2018, the state of Ohio saw 31 commercial PACE transactions, representing $79.1 million in energy-efficiency investments. 

Roseville Officials Invest $7M to Revive Village, Offer New Business Opportunities

ROSEVILLE – Nearly a decade of grant-funded projects are transforming the village of Roseville.

Few will have the impact of a the new supermarket building. “It will be the centerpiece of a new downtown,” said Heidi Milner, the village’s fiscal officer.

It is nearing completion on part of the former Ungemach Pottery site on Potters Lane. Construction was funded by $750,000 in grants, the bulk of which was a USDA Rural Development Grant, and local investment. The new building features a grocery store, restaurant space and a walk-up window that could be used for ice cream orders. Garage doors on each side of the dining area will give it a pleasant summer atmosphere, as will a patio behind the building that opens facing the levy.

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Clinton County Port Authority Launches New Website

WILMINGTON, OH — The Clinton County Port Authority (CCPA) recently launched a new website, created by Golden Shovel Agency, to further strengthen its online presence and the economic growth of the community. The new site includes county-wide data, information specifically collected for site selectors, and local business resources to serve as a one-stop-shop for companies considering new investment or expansion in Clinton County.

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