What is PACE:
Property Assessed Clean Energy (PACE) enables low-cost, long-term financing for a variety of energy efficiency, renewable energy, water conservation, storm protection and seismic improvements. PACE financing is repaid as a special assessment/tax on the property’s regular property tax bill and is processed the same way as other local public benefit assessments (sidewalks, sewers) have been for decades.
Depending on where you live, PACE financing can be used for improvements on commercial, residential, nonprofit, light industrial and agricultural properties. PACE is lowering utility bills for homeowners, creating jobs and helping local governments achieve important environmental goals.