PACE is Property Assessed Clean Energy Financing

Innovative

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.

100% financing

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.

Cash flow

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.

BENEFITS OF PACE

  • Long term financing (typically up to 20 years)
  • Fixed rate/financing
  • Non-recourse to property owner
  • Third party costs included in financing
  • Automatic transfer of assessment upon sale to new owner
  • PACE payments do not accelerate at building transfer or default
  • Pay for capital projects
  • Cash flows from savings exceed annual costs
  • Potential pass-throughs to tenants
  • Off-balance sheet treatment
  • Energy and water efficient asset

ELIGIBLE UPGRADES

Energy Efficiency

Renewable Energy

Water Conservation

VALUE PROPOSITIONS

Contractors

 
PACE provides up to 100% financing for energy, water, and clean energy building improvements. A previously untapped demand for building upgrades is now being met with this financing vehicle.
 
Read more

Building Owners

 
Maximizing a building’s net operating income and minimizing capital outlays are both key components to property value creation for commercial building owners.
 
Read more

Government

 
Enacting a PACE program enables constituent building owners to finally upgrade their buildings, creating a sustainable and economically viable community.
 
Read more

Lenders

 
The development of high performing and efficient buildings made possible by PACE financing reduces risk to investors – including the first mortgage holder – in a number of ways including…
 
Read more

MAP

@Copyright 2016 Atlantic PACE Powered by the UberCloud™ Green Data Hosting