Council to Hold Hearing on Energy-Efficiency Housing Renovation Financing Program
Council to Consider Legislation on Renovate
America Home Improvement Financing Program
[COLUMBUS – OH] City Council continues its quest to make
Columbus a green City. Council is considering legislation that would allow
homeowners to finance energy-efficient upgrades to their property with minimal
upfront costs. It is called the Residential Property Assessed Clean Energy
(R-PACE) loan program.
Council will host a public hearing on the R-PACE program on
Thursday, October 24th, 2019, 1pm, at the Glenwood Community Center, 1888
Managed by Renovate America, the R-PACE program funds loans that
are connected to the residence and repaid through the property tax bill over a
specified time period. Eligible projects include solar panels, high-efficiency
heating and cooling systems and other energy-efficient upgrades.
"This is a new concept for Columbus that could have the
dual impact of reducing residents' utility bills and our impact on the
environment," said Councilmember Emmanuel V. Remy. "With the added
benefit of creating new jobs in the future-facing energy efficiency industry,
we're helping move Columbus forward."
Renovate America is a financing organization focused on helping
homeowners invest in environmentally sound, energy-efficient upgrades to their
property. They partner with local municipalities to offer solutions to help
reduce carbon emissions and create jobs.
"As the administrators of the program, we realize the City
of Columbus is always looking for innovative ways to assist their homeowners.
They want to provide a best in class offering," said Renovate America VP
of Market Development Dustin Reilich. "We empower Americans to transform
their homes by giving more people access to energy-efficient and renewable
"We are committed to strengthening our neighborhoods and
bringing jobs to the City. This program would help some of our homeowners make
long-term upgrades to their property while saving money today," Remy
continued. "The public hearing will introduce residents and small
businesses to this concept and gather their feedback."