Freddie Mac

Bakersfield votes to end controversial program that funds energy-efficiency upgrades for homes

Bakersfield votes to end controversial program that funds energy-efficiency upgrades for homes

As energy-efficiency home improvements have exploded in California, so has the controversy over the government-supported financing program that’s helped spur the expansion.

So-called PACE loans, paid back through a property tax assessment, have been blamed by real estate agents for gumming up home sales, while some consumers have accused contractors of misrepresenting how the financing works and saddling them with loans they don’t understand and can’t afford.

Now, amid an uproar that has prompted proposed reforms in Sacramento, some municipalities are taking a second look at their participation.

On Wednesday, the Bakersfield City Council voted to end its program,...

EDITION: California | U.S. & World
84°