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Health & Fitness

Support a New Solar initiative in Santee

Support Item 6B Santee participation in CEDA/FIGTREE Pace Program. Without any cost to the city, this program can reduce energy demand & help avoid construction of power plants like Quail Brush.

I received an email yesterday, Earth Day, from Preserve Wild Santee in regards to a initiative that could help Santee homeowners and business get solar. I didn't see anything about it on the Santee Patch but I thought it was important enough to share so I just copied and pasted the email below. I do not work for Preserve Wild Santee I just really wanted to share this.

Friends, 

Please send a short note supporting Santee's Item 6B prior to Wednesday's city council meeting. Speak in favor 7 pm, 4/24  - 10601 Magnolia Ave. 

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 Dear City Council, Please support Item 6B - Santee participation in CEDA/FIGTREE Pace Program. Without any cost to the city, this program can reduce energy demand and help avoid construction of new power plants like Quail Brush. Sincerely, John Q Public --------------------------------------------------------------

Approval by the city council will provide city residents and businesses with access to low interest funds for energy upgrades that are linked to the property rather than personal loan.
There is no cost to the city, but Santee must authorize participation in this program for our citizens to have eligibility. Santee staff report...
"The FIGTREE PACE Program provides the City of Santee with an effective no-cost mechanism of offering property owners the opportunity to make energy and water efficiency retrofits to their property with little or no up-front costs. In many cases, the savings realized from these improvements exceed payment obligations required for the financing. Examples of cost saving retrofits include high efficiency air conditioners, dual-pane windows, renewable energy such as solar photovoltaic systems, insulation, cool roofs, and other permanently installed energy efficient improvements.
Under the FIGTREE PACE Program, a property owner voluntarily commits to the recording of an assessment lien on his/her property which is then be repaid over time on the annual County property tax bill as an assessment line item. Once the City approves the subject resolution for participation in the FIGTREE PACE Program, the program will provide financing at the request of a property owner. The FIGTREE PACE Program is available to commercial property owners and certain residential properties which are not subject to FHFA guidelines. In most instances, if the owner sells the property the repayment obligation remains an obligation of the property. Participation in the FIGTREE PACE Program is completely voluntary."
"The approach gives residential and commercial properties throughout the region access to the municipal bond market for all sizes of projects, which may produce a lower borrowing cost compared to a stand-alone City program."

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