AB 811 – PACE

Municipal Energy Efficiency Funding

AB 811 would authorize all cities and counties in California to designate areas within which willing property owners could enter into contractual assessments to finance the installation of distributed renewable energy generation, as well as energy efficiency improvements, that are permanently fixed to the property owner’s residential, commercial, industrial, or other real property.

These financing arrangements would allow property owners to finance renewable generation and energy efficiency improvements through low-interest loans that would be repaid as an item on the property owner’s property tax bill.

The contractual assessments could not be used to finance the purchase or installation of appliances that are not permanently fixed to the real property.