Municipal Financing of Private Energy Efficiency Retrofits in Cooperation with Los Angeles County
CX(s) Applied: A1, B5.1
Location(s): Covina, California
Office(s): Energy Efficiency and Renewable Energy
Los Angeles County proposes to use a significant portion of its Energy Efficiency and Conservation Block Grant (EECBG) Program allocation, along with other American Recovery and Reinvestment Act funds, to implement an energy efficiency retrofit program called the Los Angeles County Energy Program, which has a financing component called the Property-Assessed Clean Energy (PACE) financing program. The short term goal of the program for the County is to retrofit 15,000 homes to achieve a 20% energy use reduction and 20,000 ton greenhouse gas (GHG) emissions reduction. The County's long term goal is to retrofit 80% of buildings to achieve a 30% Countywide energy reduction by 2015 and to support reduced GHG emissions by 25% below 1990 levels by 2015.