Barry Owens, General Manager of Treetops Resort, joins Chris Holman on the Michigan Business Beat. They discuss Treetop's involvement in the Property Assessed Clean Energy ("PACE") programs.

Watch the full interview with Barry now!

About PACE

Public Act No. 270 of 2010 (“Act 270”) authorizes local units of government to adopt PACE programs to promote the installation of energy efficiency improvements and renewable energy systems by owners of commercial or industrial property within a district designated by the local unit of government.

Act 270 allows private commercial lenders to finance energy projects; authorizes local units of government to issue bonds, notes and other indebtedness; and authorizes the assessment of properties for the cost of the energy projects.  Act 270 provides for repayment to the local unit of government or the private lender through a voluntary property assessment.  The property assessment remains with the property and has the same priority as other property tax and assessment liens in the event of foreclosure.

Lean & Green Michigan^TM (“LAGM”) has developed a collaborative approach to PACE programs for local units of government by standardizing the administrative and legal process under which PACE programs are created and managed.  Many local units of government throughout the state joined have or are in the process of joining LAGM utilizing a “shared services” approach to eliminate upfront and ongoing program costs and duplication.  Further, this approach creates one efficient statewide market, allowing property owners, lenders and clean energy contractors to utilize a standardized process as they employ PACE financing in multiple jurisdictions throughout the state.