PACE (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 new heating and cooling systems, lighting improvements, solar panels, water pumps, insulation, and more for almost any property – homes, commercial, industrial, non-profit, and agricultural.

Benefits of PACE

  • Allows for secure financing of comprehensive projects over a longer term, making more projects cash flow positive.
  • Spreads repayment over many years, seldom requires an upfront payment, and removes the requirement that the debt be paid at sale or refinance.
  • Helps most property owners deduct payments from their income tax liability.
  • Allows municipalities to encourage energy efficiency and renewable energy without putting general funds at risk.
  • Taps into large sources of private capital.

Eligibility

Eligible Properties

Eligible Improvements

Almost any building is eligible for PACE financing, including homes, offices, hotels, restaurants, shopping centers and other retail properties, non-profits, warehouses, garages, etc.

Energy efficiency and energy generation improvements and, in some states, water conservation and hurricane and earthquake resistance, all qualify for PACE financing.