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PACE (Property Assessed Clean Energy Financing)

Property Assessed Clean Energy (PACE) is an option for property owners to finance energy efficiency projects with no upfront costs.
 

How it works:

  • Property owner enters into a special assessment agreement with PACE
  • PACE provides 100% pre-funding for qualifying energy upgrades on their facilities
  • Property owner implements upgrades or completes project
  • Loan installment payments are repaid as part of the property tax bill over 5-20 years
     

The benefit to the PACE program is that it allows the property owner to realize cost savings that assist in the repayment of the loan.

For more detailed information visit the following links:

PACE Nation 
Energy.gov - PACE