Property Assessed Clean Energy (PACE) Funding
Property Assessed Clean Energy, or PACE, is a financing tool used to assist commercial, industrial, non profits, and agri-business with improvements to existing facilities that substantially increase energy efficiency. PACE allows businesses to make these fixture improvements without the up-front capital outlay. Costs for the improvements are paid back through a special assessment on their property taxes. The increase in property taxes is offset by the decrease in energy costs so that the business sees no change in their bottom line.
- Loan parameter: $5,000- $100,000
- More information, including the PACE brochure and PACE application, can be found on the RMEB website.