Sup. Theodore Lipscomb, Sr.
Press Release

County to Participate in Property Assessed Clean Energy Program

Financing Program Reduces Cost of Energy and Water Saving Upgrades

By - Apr 20th, 2017 02:57 pm

MILWAUKEE – The Milwaukee County Board of Supervisors on Thursday unanimously adopted a resolution directing the Milwaukee County Director of Economic Development to develop a proposal to participate in a statewide program known as the Property Assessed Clean Energy (PACE) program, which helps reduce the cost of implementing energy saving measures, adding renewable energy features, and improving water conservation for residential and commercial buildings by providing building owners with low-cost, long-term loans.

Energy efficiency and water conservation measures are now considered standard practices when older buildings undergo significant restoration, but such improvements often significantly increase the upfront capital costs.

PACE financing allows borrowers to recoup those costs over time via savings on their utility bills, making energy efficiency improvements more affordable for property owners.

“By making PACE financing available in Milwaukee County, we can help encourage building owners to invest in energy efficiency upgrades and make renovation of older buildings more appealing,” said Chairman Theodore Lipscomb, Sr., author of the resolution.

“PACE financing can make energy efficiency renovations affordable to property owners who take on significant cost to modernize their buildings. When you factor in the ability to repay loans for energy efficiency upgrades over 20 years, the financial savings are often greater than the cost of the project itself.

“The cost savings owners can realize by taking advantage of PACE financing has the potential to spur major investments in energy efficiency and contribute to economic growth in Milwaukee County,” concluded Lipscomb.

More than a dozen counties around the state, including Brown, Jefferson, and Racine, have joined the PACE program since it was launched statewide in late 2016.

Energy Finance Solutions, which provides financing services to the Wisconsin Energy Conservation Corporation, helped create the PACE Wisconsin program in conjunction with the Wisconsin Counties Association, the League of Municipalities, and the Wisconsin State Energy Office.

Press Releases by Sup. Theodore Lipscomb, Sr.

Sup. Theodore Lipscomb, Sr.

Supervisors to Consider Measure to Prevent Hidden Pension Reports

Ordinance Change Would Require Public Disclosure of Pension Errors

Sup. Theodore Lipscomb, Sr.

County Executive Admits His Inability to Manage County Pension System

"Abele's statement that the administration of the pension plan needs new management is a stunning admission that he is not capable of doing his job as the ultimate manager of all county departments..."

Sup. Theodore Lipscomb, Sr.

Abele Administration Blocks Efforts to Understand Impact of Pension Errors

Abele administration has kept hidden a 2014 Voluntary Correction Plan report on pension errors for nearly three years

Sup. Theodore Lipscomb, Sr.

Supervisors Consider Measure to Improve Pension Transparency

A live video stream would offer greater transparency because it would capture verbatim the discussion of Pension Board members in real time.

Sup. Theodore Lipscomb, Sr.

Supervisors to Consider External Investigations of In-Custody Deaths

Milwaukee County Board expected to vote Thursday on establishing policy.

Sup. Theodore Lipscomb, Sr.

New $17 Million Pension Administration Error Disclosed

Milwaukee County paid $11 million in lump sum pension payments in November to retirees and their beneficiaries to correct for underpayments.

See More Releases

Leave a Reply

Your email address will not be published. Required fields are marked *