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Our Better World

Can Grand Traverse County Set the PACE?

Can Grand Traverse County Set the PACE?

It’s time for Grand Traverse County to use a state law to help local firms cut energy costs and boost bottom lines. The 2010 law, called PACE-Property Assessed Clean Energy-allows local governments to establish bonds for loans to improve commercial buildings’ efficiency or install renewable energy devices, cutting their utility bills. Local units then use special property tax assessments for loan repayments.

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