Solutions > Financial Options > PACE – Property Assessed Clean Energy
PACE (Property Assessed Clean Energy)
Ameresco has been helping customers modernize their energy infrastructure and reduce their energy costs since 2000. Set the PACE has the financial solution to help you invest in these energy efficiency and clean energy upgrades.
Set the PACE is a program that uses PACE (Property Assessed Clean Energy) financing to help commercial, industrial, homeowners, and multi-family property owners access affordable, long-term financing for smart energy upgrades to their buildings. PACE financing is designed to encourage the installation of energy efficiency measures by helping property owners overcome the barrier of high up-front energy equipment and installation costs. PACE financing allows building owners to finance qualifying energy efficiency and clean energy improvements through a voluntary tax assessment. Property owners pay for the improvements over time and the repayment obligation transfers automatically to the next owner if the property is sold.
Benefits of PACE financing:
- Low up-front investment
- Long-term financing
- Immediate positive cash flow
- Low interests rates
- Financing stays with the property upon sale
- Ability to pass payments through to tenants
PACE (Property Assessed Clean Energy) Solutions by Ameresco
If you own a building, up to 100% of the costs for energy efficiency and renewable energy upgrades could be paid over 25 years without up-front capital and off the balance sheet. Let Ameresco help you take advantage of this program to modernize your facilities.