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Legislature Updates Sustainable Energy Program Law

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Legislature Updates Sustainable Energy Program Law

Tuesday, July 17, 2018

Following a public hearing, the Legislature, without dissent, adopted a new Local Law modifying the County’s 2015 Local Law that established the County’s Sustainable Energy Loan Program and authorized the County Administrator to execute an amended municipal agreement with the Energy Improvement Corporation to implement and administer the program.

The program provides Property Assessed Clean Energy (PACE) financing for local energy-related improvement projects by implementing the Energize NY Benefit Financing Program authorized by New York State. The financing program helps commercial and non-profit building owners reduce operating costs and increase the value of their properties through clean energy improvements. The recommended modifications incorporate updated provisions of the New York State PACE law, and keep the County’s PACE provisions in line with the City of Ithaca’s already adopted revised PACE law.