Property Assessed Clean Energy (PACE) programs offer property owners financing options for energy efficiency, water conservation, and seismic strengthening improvements.
- Funding for up to 20% of the construction costs
- Financing is tied to the property
- New construction is eligible for up to 30-year financing terms
- Refinancing look back option
- PACE can be used to refinance previously installed eligible products, going back 3 years
- On average, lower interest rate than other mezzanine financing
- No upfront costs
- Frees up equity
Please see our Commercial PACE Handout and our Jurisdiction List for more information.