PACE Benefits for Local Governments
PACE financing is an economic development tool that can facilitate upgrade projects to maintain and improve the commercial building stock in your jurisdiction. PACE financing supports job creation, job retention, and improved property values.
PACE leverages the property tax system to secure an investment in energy projects, providing a secure platform for underwriting and servicing energy investments in commercial, industrial and multi-family buildings.
Because the Energy Alliance serves as the program administrator, PACE is a service to your constituents that comes at no additional cost to the general taxpayer.
- Large investment opportunity
- Long tenor allows broad project scope and larger projects
- Repayment fully secured through tax bill
- Flexible terms