The State of P.A.C.E.

P.A.C.E. (Property Assessed Clean Energy) financing is an innovative way of financing renewable energy upgrades and renewable energy installations on residential, commercial, and industrial buildings.

The key unique benefit of PACE financing is the way the loans are structured. Backed by city governments, municipalities and traditional financiers, PACE loans enable building owners to use the equity in their buildings to get loans to upgrade their buildings.

These investments decrease the operating costs of the buildings while also decreasing the carbon footprint. The loans are attached to the building instead of the owners. The loan payments are attached to the tax asessments and tax payments.

You can find general information on PACE financing here on this Wikipedia page.

Furthermore, on this page, you can find additional information on the state of PACE Programs near you.