Existing law, commonly known as the Property Assessed Clean Energy (PACE) program, authorizes public agency officials and property owners, as provided, to enter into voluntary contractual assessments, known as PACE assessments, to finance the installation of distributed generation renewable energy sources or energy or water efficiency improvements that are permanently fixed to real property.
Existing law, the California Financing Law (CFL), requires a program administrator who administers a PACE program on behalf of, and with the written consent of, a public agency to comply with specified requirements relating to the PACE program, including requiring a program administrator to be licensed by the Commissioner of Business Oversight under the California Financing Law. The CFL requires a program administrator to establish and maintain a process for the enrollment, and for the
cancellation of that enrollment, of a PACE solicitor and a PACE solicitor agent. The CFL defines the term “PACE solicitor” and “PACE solicitor agent” for these purposes.
This bill would make nonsubstantive changes to this provision.