Lodinews.com

default avatar
Welcome to the site! Login or Signup below.
|
||
Logout|My Dashboard

Galt City Council approves clean energy incentives

Print
Font Size:
Default font size
Larger font size

Posted: Wednesday, December 18, 2013 2:36 pm | Updated: 2:38 pm, Wed Dec 18, 2013.

Under a new program, Galt residents can finance energy efficiency upgrades and repay the cost over time through their property tax bills.

On Tuesday, the City Council narrowly approved a partnership with Sacramento County to allow property owners to voluntarily finance certain upgrades such as the installation of solar panels or dual-pane windows under the county’s Property Assessed Clean Energy (PACE) program. This not only reduces the upfront cost, but allows the improvement fees to be shared with future property owners, according to a presentation made at Tuesday’s meeting.

“The city is simply providing a mechanism for residents to provide energy efficiency in their homes,” Councilman Curt Campion said. “I think it’s up to the property owner to decide whether they want to take the risk.”

However, not all council members favor the incentive for fear the city could be left holding the financial bag if property owners are foreclosed upon.

The Federal Housing Finance Agency, which manages the majority of home loans, does not support programs such as PACE, as the tax is added after the mortgage is already in place. It has threatened to redline cities that participate.

“We have no guarantee if the federal government would go along with this,” Councilwoman Barbara Payne said at Tuesday’s council meeting. “I’m not going to take that risk.”

She and Mayor Marylou Powers cast the lone dissenting votes against the city’s participation.

City Attorney Steven Rudolph, however, said there is little risk to the city and that the FHFA has yet to redline any cities and make borrowing rules tighter for those wishing to buy property there.

Citrus Heights and Elk Grove have already joined the county’s PACE program to pay for energy efficiency upgrades and water conservation measures. The city of Sacramento has its own similar incentive.

As of November, there were about 6,535 applicants totaling $1.3 billion in loans statewide in programs like these, according to a Sacramento County report.

PACE is open to both residential and commercial property owners. Those electing to participate can have the cost of their improvements placed as a voluntary special levy on their annual property tax bill.

There are other rules set by the county. For example, property owners can not participate if they do not have at least 85 percent valuation.

For more information, contact the city’s Economic Development Department at 209-366-7230, or visit www.cleanenergysac.com.

Contact reporter Jennifer Bonnett at jenniferb@lodinews.com.

More about

More about

Rules of Conduct

  • 1 Use your real name. You must register with your full first and last name before you can comment. (And don't pretend you're someone else.)
  • 2 Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually oriented language.
  • 3 Don't threaten. Threats of harming another person will not be tolerated.
  • 4 Be truthful. Don't lie about anyone or anything. Don't post unsubstantiated allegations, rumors or gossip that could harm the reputation of a person, company or organization.
  • 5 Be nice. No racism, sexism or any sort of -ism that is degrading to another person.
  • 6 Stay on topic. Make sure your comments are about the story. Don't insult each other.
  • 7 Tell us if the discussion is getting out of hand. Use the 'Report' link on each comment to let us know of abusive posts.
  • 8 Share what you know, and ask about what you don't.

Welcome to the discussion.

Video

Popular Stories

Poll

Should graduations return to the Grape Bowl?

Lodi Unified leaders are moving Lodi and Tokay high school graduations from the Grape Bowl to the Spanos Center at UOP in Stockton. They cite limited seating, costs and unpredictable weather at the Grape Bowl. But others say graduations at the Grape Bowl are an important Lodi tradition, and one reason many supported renovating the stadium. What do you think?

Total Votes: 80

Loading…

Mailing List

Subscribe to a mailing list to have daily news sent directly to your inbox.

  • Breaking News

    Would you like to receive breaking news alerts? Sign up now!

  • News Updates

    Would you like to receive our daily news headlines? Sign up now!

  • Sports Updates

    Would you like to receive our daily sports headlines? Sign up now!

Manage Your Lists