Los Angeles is setting the PACE for the clean energy economy

California’s homes are being strengthened with clean technology – solar power to generate electricity and efficiency measures to do more with every watt and every drop of water. Decades of work by Los Angeles businesses, local leaders and environmentalists have led to environmental and economic success: California has more solar energy capacity than any state, and a larger economy than any state.

A key to this success is creating an environment where private companies and entities can simultaneously create financial value and environmental benefits. This includes the Feed-in Tariff for rooftop solar installations authorized by the LA City Council in 2012. This policy has attracted hundreds of millions in private investment, created good jobs and reduced carbon emissions. Similarly, Property Assessed Clean Energy (PACE) financing is smart policy that leverages private dollars to create positive impact in our clean economy.

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