Virtually every community has an inventory of energy-inefficient buildings in need of upgrading. It is estimated that the typical U.S. building wastes roughly 30% of consumed energy. When building owners are unable to secure appropriate financing, the wasted energy continues and economic development opportunities are lost.
Local governments love PACE because it’s an especially effective economic development program requiring zero taxpayer funding. Any community with commercial, industrial, multifamily and non-profit properties in need of energy efficiency and water conservation upgrades can expedite these projects with the adoption of PACE. Most PACE-funded projects involve, architects, engineers and a number of skilled trades contractors. PACE projects not only result in increased property values, but also a “greener” community with reduced greenhouse emissions and improved air quality.
If you have any questions about PACE, or would like to determine if a potential project qualifies for this unique financing option, just send an e-mail to firstname.lastname@example.org and we will get the answers.