R-PACE is a proven strategy with $800 million in investments already made through loans secured by the future real estate taxes on the homes who participate.   The community still gets the tax income but homeowner get upfront money to finance energy efficience upgrades or renewable energy investments for the home.  The administration of the program has costs of course, but the benefits to housing value, homeowners' wll being and to shifting to renewable energy far outweigh those according to those who have implemented the program.

I urge you to approve Virginia implementing this innovative and proven program.