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Property Assessed Clean Energy Financing: The Ohio Story

Raymond C. Headen, Sally W. Bloomfield, Matt Warnock and Caleb Bell

The Electricity Journal, vol. 24, issue 1, 47-56

Abstract: Property Assessed Clean Energy programs in Ohio represent one of the newest mechanisms available for financing energy efficiency and renewable energy improvements. PACE programs allow qualifying energy improvements to be financed through assessments on a property owner's real estate tax bill. The special assessments are used to secure local government bonds issued to fund the improvements without requiring the borrower or the sponsoring local government to pledge its credit.

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