This chapter shall be known and may be cited as "City of Westbrook
Property Assessed Clean Energy (PACE) Ordinance."
Except as specifically defined below, words and phrases used
in this chapter shall have their customary meanings; as used in this
chapter, the following words and phrases shall have meanings indicated:
An improvement to qualifying property that is new and permanently
affixed to qualifying property and that:
Will result in increased energy efficiency and substantially
reduced energy use and:
Meets or exceeds applicable United States Environmental Protection
Agency and United States Department of Energy Energy Star Program
or similar energy efficiency standards established or approved by
the Trust; or
Involves air sealing, insulating, and other energy efficiency
improvements of residential, commercial or industrial property in
a manner approved by the Trust; or
Involves a renewable energy installation or an electric thermal
storage system that meets or exceeds standards established or approved
by the Trust.
The City of Westbrook.
An agreement entered into by an owner or owners of a qualifying
property and the Trust, or an agent authorized by the Trust, that
authorizes a PACE loan and the creation of a PACE mortgage on qualifying
property and that is approved, in writing, by all owners of the qualifying
property at the time of the agreement, other than mortgage holders.
An assessment made against qualifying property to repay a
PACE loan.
The district in which the PACE program may operate and which
is defined geographically to include the entire municipality as determined
by municipal boundary lines.
A loan made to the owner(s) of a qualified property for an
energy savings improvement.
A mortgage securing a loan made pursuant to a PACE program
to fund energy savings improvements on qualifying property.
A program established under state statute by the Trust and
the City under which property owners can finance energy savings improvements
on qualifying property.
Real property located in the City of Westbrook.
A fixture, product, system, device or interacting group of
devices installed behind the meter at a qualifying property, or on
contiguous property under common ownership, that produces energy or
heat from renewable sources, including, but not limited to, photovoltaic
systems, solar thermal systems, biomass systems, landfill gas to energy
systems, geothermal systems, wind systems, wood pellet systems and
any other systems eligible for funding under federal qualified energy
conservation bonds or federal clean renewable energy bonds.
The Efficiency Maine Trust established in 35-A M.R.S.A. § 10103.
