Existing law, known commonly as the Property Assessed Clean Energy (PACE) program, authorizes a public agency, by making specified findings, to authorize public agency officials and property owners to enter into voluntary contractual assessments to finance the installation of distributed generation renewable energy sources or energy or water efficiency improvements that are permanently fixed to real property. The law prohibits a program administrator, as defined, from executing an assessment contract or commencing work under or executing a home improvement contract that is financed by that assessment contract, unless the program administrator makes a reasonable good faith determination that the property owner has a reasonable ability to pay the annual payment obligations for the PACE assessment.
This bill would make nonsubstantive changes to those
provisions.