PACE is Property Assessed Clean Energy Financing
PACE is an innovative way for commercial, industrial, multi-family, and agricultural property owners to obtain low-cost, long-term financing for water conservation, energy efficiency, and renewable energy projects.
For participating localities, PACE loans provide up to 100% funding of total project costs by placing a special assessment on the property that the owner repays over time on his/her tax bill.
PACE has great potential to directly affect a building’s bottom line. The savings in utility costs from the improvements typically offsets the cost of installation, resulting in immediate cash flow positive projects.