Wednesday, May 26, 2010

Georgia passes Energy Finance legislation

Another Southeastern State jumped on the PACE train last week.  On May 20, 2010, Georgia Governor Sonny Perdue signed bill HB 1388 into law.

The bill authorizes "The provision of financing to property owners for the purpose of installing or modifying improvements to their property in order to reduce the energy or water consumption on such property or to install an improvement to such property that produces energy from renewable resources."  The financing will come through local development authorities and can be applied to industrial, commercial, business, office, parking, and public facilities.
There has been little press coverage so far on the bill (see here).  We will be following the details in the upcoming months and will be sure to provide any updates on our blog.


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