What is PACE Financing?
PACE (or Property Assessed Clean Energy) is a simple and effective way to finance energy efficiency, renewable energy, and water conservation upgrades to buildings. PACE can pay for a variety of energy improvement projects for almost every type of property, from residential homes and commercial buildings to agricultural and industrial structures. Take a look at our eligible projects and products to see the kinds of improvements you can make using PACE.
How Does It Work?
- Local governments can offer PACE financing to qualified business owners once your state passes the enabling laws. Using PACE financing is voluntary.
- Owners work with qualified PACE service providers to help choose cost effective projects that will be the most beneficial to the owners.
- These qualified PACE programs process applications and qualify projects so that financing can be arranged to cover the costs. Once the financing is in place, and the funds are distributed, a final assessment or charge is added to the property's tax roll.
Why Should I Choose PACE?
Here's the benefits of using PACE for your next project:
Saves You Money
Property owners are more focused today than ever before on energy and water conservation. PACE helps you save money by lowering your overall water and energy usage. In addition funding your project through PACE gives you immediate positive cash flow due to the long payback terms and low up front costs.