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I Santa Ana GBmata Action Plan: <br />Community -wide Energy Measures A) <br />PACE is an energy efficiency financing program operated by <br />private contractors in many communities in California. PACE <br />financing is available for a wide range of energy and water saving <br />measures, and for renewable energy generation. Repayment of <br />loans through the program is made on the property tax bill for the <br />property. Communities must opt into the program, the Santa Ana <br />program began January 2015. PACE makes it easier for owners <br />of commercial property to implement energy efficiency and <br />renewable energy projects that can save them money, make their <br />properties more valuable, and create local jobs. The program is <br />offered by private entities. Many cities and counties in California <br />have already opted into the program. <br />The program's most common customers are medium -sized <br />businesses or buildings with a typical project cost around <br />$175,000. Savings were estimated based on recent California <br />program data. The financing can be used for a variety of energy <br />efficiency projects including air conditioning and heating <br />systems, lighting upgrades, cool roofing materials, and can also <br />be used for solar installations. <br />The program will be promoted through the City's comprehensive <br />CAP Outreach and Education program, as described in Chapter 4. <br />75B -49 <br />Type of Measure <br />Incentivized <br />Emissions Reduction <br />in 2020 <br />3,791 MTCOze <br />............................................... . .......... <br />Emissions Reduction <br />in 2035 <br />8,458 MTCOze <br />.................. . ........... . ........................... <br />Co- Benefits <br />Reduced energy cost — <br />businesses; improved air quality; <br />Improved health <br />..... . . . . . ................................................ <br />Cost to City <br />Low <br />Private Cost <br />Low to Medium <br />Potential Funding Sources <br />Private Financing <br />Ease of Implementation <br />Easy <br />