Implementing cost-effective energy efficiency renovations at County facilities yields the benefits of reducing the local and global environmental impacts associated with energy production and use and reducing County government operating costs, thereby, reducing the burden on County taxpayers. The County Energy Specialists have been utilizing federal American Recovery and Reinvestment Act funds to:
The results from the County facilities energy audits will be used to guide future improvements at those facilities.
In 2010, the County pursed implementation of its Renewable Energy Financing District program using an innovative approach to financing solar energy improvements on homes. The program would have involved financing the cost of solar energy systems by having a special assessment placed on the property owner's tax bill. Only the property owner installing a solar system would have had a special assessment placed on their tax bill - not all property owners. The loan, in essence, would have been with the property, rather than with the individual property owner and had the potential benefit of a low interest rate and long loan term. Similar programs sprouted up around the country in 2009 and 2010 under the umbrella label of "PACE" programs – for Property-Assessed Clean Energy.
In August of 2010, the Federal Housing Finance Administration declared PACE programs to be in violation of their loan conditions. This had the effect of stopping PACE programs in their tracks nationwide – including in Santa Fe County. Federal legislation (HR 2599) has been introduced in Congress to overturn FHFA's decision.
For County residents purchasing an existing home (not a newly-constructed home) or refinancing their own home, the US Housing and Urban Development's 203K Home Improvement Loan program provides low interest, long-term financing for energy efficiency and solar power improvements. Similarly, for low and moderate income families, Homewise provides low interest, long-term financing for clean energy-related improvements. Usefull Clean Energy Links »