Woburn City Council Votes to Opt Into Mass Development’s PACE Program, Accelerating Sustainable Development
WOBURN, November 22, 2023 – The Woburn City Council has voted to participate in Mass Development’s Property Assessed Clean Energy (PACE) program. This move underscores the City’s commitment to fostering sustainable development and advancing energy efficiency initiatives.
The PACE program, administered by Mass Development, empowers commercial property owners to finance energy efficiency and renewable energy projects through a voluntary special assessment on their property taxes. By participating in the program, Woburn aims to create a more environmentally conscious community while providing valuable financial incentives to commercial property owners looking to invest in clean energy solutions.
City officials express enthusiasm about the positive impact the PACE program will have on both the local economy and the environment. The program not only supports the City’s sustainability goals but also stimulates economic growth by encouraging investment in energy-efficient technologies.
“We are thrilled to announce the City Council’s unanimous decision to opt into Mass Development’s PACE program,” said Woburn Mayor, Scott Galvin. “This strategic move aligns with our vision for a greener, more sustainable Woburn and exemplifies our commitment to fostering innovation and responsible development.”
The PACE program enables property owners to access affordable, long-term financing for projects that improve energy efficiency, reduce carbon footprints, and enhance overall property values. By leveraging the program, Woburn businesses and commercial property owners can contribute to the City’s sustainability objectives while enjoying the economic benefits associated with clean energy initiatives.
Woburn’s participation in Mass Development’s PACE program marks a significant milestone in the City’s journey towards a more sustainable future. The City Council’s decision reflects a collective commitment to environmental responsibility, economic prosperity, and community well-being.