Wednesday, January 11, 2012

PACE meeting at Ripton school next week

An informational meeting is coming up on an important Ripton initiative:

Why: PACE will be voted on at Town Meeting

When: informational meeting -Tues, Jan. 17, 7-8:30 pm

Where: Ripton School gym

Who: Ripton’s Selectboard and Energy Coordinator hope

everyone will attend

What’s PACE? – Property Assessed Clean Energy - a way

for individuals to pay for energy efficiency or renewable energy

improvements provided by qualified, licensed contractors with longer

repayment terms than bank loans. It’s organized through Efficiency


Why will it be voted on at Town Meeting? Although it costs

the town nothing and there is no risk, the legislation enabling PACE

requires the Town to approve becoming a PACE district at Town


How does PACE work? In a nutshell, an interested homeowner

makes a contract with the town and the town pays a licensed

contractor for the approved energy improvements. The town puts

a lien on that taxpayer’s property which is paid off over 10-20 years

(or sooner) with the tax bill. The lien stays with the property if the

property is sold.

For the full details, come to the meeting on the 17th. There’s

also fact sheets at the Town Office and on the Town’s website

www.riptonvt ---- or at Efficiency VT at

(thanks to Warren King)

No comments: