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Public Hearing Scheduled on Law to Establish Sustainable Energy Loan Program

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Public Hearing Scheduled on Law to Establish Sustainable Energy Loan Program

Tuesday, April 21, 2015

The Legislature scheduled for its next meeting May 5 a public hearing on a new proposed Local Law that would establish a sustainable energy loan program in Tompkins County.  The program would provide property assessed clean energy (PACE) financing for local energy-Related improvement projects, as authorized under State law.  The PACE program offers low-cost long-term financing for energy efficiency and renewable energy projects, supporting up to the entire project cost, for owners of existing non-residential properties, with repayments collected by the municipality through a charge on the tax bill.

The hearing will take place on May 5 at 5:30 p.m. at Legislature Chambers, located in the Governor Daniel D. Tompkins Building (second floor), 121 E. Court Street, Ithaca.