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Santa Ana Ornate Actlon Plan; <br />Community -wide Energy Measures 740 <br />I <br />PACE is an energy efficiency financing program operated by <br />Type of Measure <br />private contractors in many communities in California. PACE <br />. Incent.zed <br />........ t i .v i ............ ............................... <br />financing is available for a wide range of energy and water <br />Emissions Reduction <br />saving measures, and for renewable energy generation. <br />in 2020 <br />1,633 MTCO,e <br />Repayment of loans through the program is made on the <br />. 1.... I...•• ............... ..........••.••.......••.•••••. <br />property tax bill for the home. Communities must opt into the <br />Emissions Reduction <br />program, the Santa Ana program began in September 2013. <br />In 2035 <br />5,833 MTCO,e <br />The program is estimated to reach 2,905 homes by 2020 <br />'- "' ° " ° "- """"""" """""' °"' °" " ° °° <br />and 10, 375 homes by 2035. Savings were estimated based <br />Co-Benefits <br />d en <br />Reduced energy <br />rgy cost — residents; <br />on recent Santa Ana program data. Projects included air <br />improved air quality; improved <br />conditioning and furnace upgrades, air duct sealing, insulation, <br />health <br />........................... ............................... <br />and small solar installations. <br />Cast to city <br />Low <br />Across the communities statewide that are participating <br />..... •°°°°°°•-°°°-°-°°-- ................. <br />in residential PACE programs, the upgrades financed have <br />Private Cost <br />Low to Medium <br />produced an emissions reduction of 14,056 MTCO2e, saved <br />- ............. <br />residents over $6 million in energy costs, and created 1,600 <br />Potential Funding Sources <br />jobs. <br />Private Financing <br />.......................... ............................... <br />Ease of Implementation <br />The PACE program will be promoted through the City's <br />Easy <br />comprehensive CAP Outreach and Education program, as <br />........................... ............................... <br />described in Chapter 4. <br />