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

Vermont.

• 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

Meeting.

• 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 www.efficiencyvermont.com/

about_us/energy_initiatives/pace.aspx

(thanks to Warren King)