City adopts financing tool for environmentally friendly projects

By Tony Herman, Hastings Tribune

Hastings became the latest Nebraska city to adopt Property Assessed Clean Energy program when the Hastings City Council approved the program’s manual, application and contract form during the council’s regular meeting Jan. 13. Participation in PACE promotes energy efficiency and the use of renewable energy as an economic development tool. PACE financing is for commercial real estate and finances energy efficiency, water conservation and renewable energy systems. PACE loans serve as gap financing, so the developer would not have to spend as much of its capital to undertake an energy efficiency component of a project. Read more here.

Photo of the Nebraska State Capitol by Rick McCharles / Creative Commons. The Nebraska Legislature passed PACE-enabling legislation in 2016.

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CONSERVATION NEBRASKA’S COMMON GROUND EDUCATION PROGRAM 

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