HARRISBURG — Developers and businesses could tap local bond financing to pay for clean energy projects at commercial buildings under legislation introduced Tuesday by a Lackawanna County senator.
Sen. John Blake, D-22, Archbald, said the bill gathering bipartisan support would provide low-cost financing to meet pent-up demand to modernize commercial properties by installing solar panels, LED lights and new heating and cooling systems.
Creating the Property Assessed Clean Energy Program would create jobs, improve property values and reduce business costs, Blake said at a Capitol news conference. He teamed up with Sen. Guy Reschenthaler, R-37, Pittsburgh, to push the measure.
If enacted, existing county economic development authorities most likely would use the program, said supporters. However, municipalities could create their own authorities to finance these projects, too.
An authority would sell bonds…