Upfront Financing for Energy Efficiency Improvements
Commercial property owners in NOPEC member communities can now get upfront financing for energy efficiency projects through the new Propery Assessed Clean Energy program (PACE).
Get the funds you need to make your property more energy efficient.
The PACE fixed-rate loan is based on project costs and an energy assessment/audit that identifies savings opportunities. Payment on the PACE loan is made twice per year and is listed on the tax duplicate as an assessment. The repayment period will be based, in part, on the projected savings and useful life of the assets financed.
PACE is available for many types of commercial properties for a wide range of energy efficiency projects. Eligible facilities can be owner occupied or a rental property, for-profit, non-profit, industrial, commercial housing and government facilities.