How much money has California spent on PACE programs?



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    Fourteen different counties in California, including 150 different cities, have joined together in a plan to use $16.5 million from the American Reinvestment and Recovery Act, to give out loans for home owners to install photovoltaic cells. The program is called California FIRST, and requires zero down payment and can be paid off through property taxes over 20 years. The counties involved in this program are Alameda, Fresno, Kern, Monterey, Sacramento, San Benito, San Diego, San Luis Obispo, San Mateo, Santa Clara, Santa Cruz, Solano, Ventura and Yolo. Los Angeles County also plans to start a PACE program this year but is not part of this group. Also, the city of San Francisco, has approved up to $150 million in bonding for a similar program.

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