PROJECT DETAILS

Property Assessed Clean Energy (PACE) financing in the commercial buildings sector continues to grow and expand to new municipalities across the United States. As a new finance approach, PACE addresses the principal market barrier to investment in energy efficiency and on-site renewable energy projects. PACE financing offers building owners up-front funding up to 100 percent of the cost of energy upgrades; the money is repaid with assessments added to property tax bills for up to 20 years. The PACE assessment obligation stays with the building upon sale and allows the owners to pass payments through to tenants who enjoy the benefits of improved energy efficiency and lower utility costs. Download the paper.