PACE Financing

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Property-Assessed Clean Energy (PACE) financing effectively allows property owners to borrow money to pay for renewable energy and/or energy-efficiency improvements. The amount borrowed is typically repaid via a special assessment on the property over a period of years. In general, local governments (such as cities and counties) that choose to offer PACE financing must be authorized to do so by state law.[1]


Contents


PACE Financing Incentives

Incentive Incentive Type Place Applicable Sector Eligible Technologies Active
Boulder County - ClimateSmart Loan Program (Colorado) PACE Financing Boulder County, Colorado Commercial
Low-Income Residential
Multi-Family Residential
Residential
Building Insulation
Doors
Duct/Air sealing
Heat recovery
Lighting
Biomass
Ground Source Heat Pumps
Photovoltaics
Solar Pool Heating
Solar Water Heat
Boilers
Central Air conditioners
Furnaces
Programmable Thermostats
Roofs
Water Heaters
Windows
Wind
No
California Enterprise Development Authority (Figtree PACE) - Statewide PACE Program (California) PACE Financing California Commercial
Residential
Boilers
Building Insulation
Central Air conditioners
Chillers
Doors
Duct/Air sealing
Furnaces
Heat pumps
Lighting
Lighting Controls/Sensors
Motor VFDs
Programmable Thermostats
Steam-system upgrades
Water Heaters
Fuel Cells
Ground Source Heat Pumps
Photovoltaics
Solar Water Heat
Wind
Yes
CaliforniaFIRST (California) PACE Financing California Agricultural
Commercial
Industrial
Multi-Family Residential
Building Insulation
Caulking/Weather-stripping
Central Air conditioners
Equipment Insulation
Furnaces
Heat pumps
Heat recovery
Lighting
Lighting Controls/Sensors
Programmable Thermostats
Roofs
Water Heaters
Fuel Cells
Fuel Cells using Renewable Fuels
Photovoltaics
Solar Space Heat
Solar Water Heat
Wind
Ground Source Heat Pumps
Duct/Air sealing
Yes
City of Ann Arbor - PACE Financing (Michigan) PACE Financing Michigan Commercial
Industrial
Multi-Family Residential
Boilers
Building Insulation
Caulking/Weather-stripping
Ceiling Fan
Central Air conditioners
Chillers
Clothes Washers
Dehumidifiers
Dishwasher
Duct/Air sealing
Energy Mgmt. Systems/Building Controls
Furnaces
Heat pumps
Lighting
Programmable Thermostats
Refrigerators
Roofs
Water Heaters
Windows
Solar Thermal Electric
Photovoltaics
Landfill Gas
Wind
Biomass
Hydroelectric energy
Geothermal Electric
Ground Source Heat Pumps
Yes
City of Berkeley - Financing Initiative for Renewable and Solar Technology (FIRST) (California) PACE Financing California Commercial
Residential
Photovoltaics No
City of Palm Desert - Energy Independence Program (California) PACE Financing Palm Desert, California Agricultural
Commercial
Industrial
Residential
Doors
Photovoltaics
Solar Space Heat
Solar Water Heat
Central Air conditioners
Windows
Yes
City of San Francisco - GreenFinanceSF (California) PACE Financing California Commercial
Multi-Family Residential
Nonprofit
Boilers
Building Insulation
Caulking/Weather-stripping
Central Air conditioners
Duct/Air sealing
Furnaces
Programmable Thermostats
Water Heaters
Windows
Photovoltaics
Solar Water Heat
Yes
Jefferson City - Property Assessed Clean Energy (Missouri) PACE Financing Missouri Commercial
Residential
Boilers
Building Insulation
Caulking/Weather-stripping
Central Air conditioners
Chillers
Comprehensive Measures/Whole Building
Doors
Energy Mgmt. Systems/Building Controls
Furnaces
Heat pumps
Heat recovery
Lighting
Lighting Controls/Sensors
Programmable Thermostats
Roofs
Windows
Biomass
CHP/Cogeneration
Daylighting
Geothermal Electric
Photovoltaics
Solar Thermal Electric
Ground Source Heat Pumps
Wind
No
Lean and Green Michigan (Michigan) PACE Financing Michigan Commercial
Multi-Family Residential
Institutional
Lighting
Chillers
Furnaces
Boilers
Heat pumps
Central Air conditioners
Heat recovery
Energy Mgmt. Systems/Building Controls
Caulking/Weather-stripping
Duct/Air sealing
Building Insulation
Windows
Roofs
CHP/Cogeneration
Solar Water Heat
Solar Space Heat
Photovoltaics
Landfill Gas
Wind
Biomass
Ground Source Heat Pumps
Yes
Local Option - Clean Energy Development Boards (Missouri) PACE Financing Missouri Agricultural
Commercial
Industrial
Institutional
Local Government
Multi-Family Residential
Nonprofit
Residential
Schools
State Government
Boilers
Building Insulation
Caulking/Weather-stripping
Central Air conditioners
Comprehensive Measures/Whole Building
Custom/Others pending approval
Doors
Energy Mgmt. Systems/Building Controls
Equipment Insulation
Furnaces
Heat pumps
Heat recovery
Lighting
Windows
Biomass
Daylighting
Other Distributed Generation Technologies
Photovoltaics
Solar Space Heat
Solar Water Heat
Ground Source Heat Pumps
Wind
Yes
Local Option - Clean Energy Financing (North Carolina) PACE Financing North Carolina Agricultural
Commercial
Industrial
Low-Income Residential
Multi-Family Residential
Residential
Yes
Local Option - Clean Energy Financing (Virginia) PACE Financing Virginia Commercial
Construction
Institutional
Residential
Yes
Local Option - Clean Energy Loan Program (Maryland) PACE Financing Maryland Commercial
Low-Income Residential
Residential
Yes
Local Option - Commercial PACE Financing (Connecticut) PACE Financing Connecticut Commercial
Industrial
Low-Income Residential
Multi-Family Residential
Boilers
Building Insulation
Caulking/Weather-stripping
Central Air conditioners
Chillers
Comprehensive Measures/Whole Building
Custom/Others pending approval
Duct/Air sealing
Energy Mgmt. Systems/Building Controls
Furnaces
Heat pumps
Lighting
Lighting Controls/Sensors
Motor VFDs
Processing and Manufacturing Equipment
Programmable Thermostats
Roofs
Siding
Windows
CHP/Cogeneration
Biomass
Fuel Cells
Fuel Cells using Renewable Fuels
Geothermal Electric
Landfill Gas
Municipal Solid Waste
Other Distributed Generation Technologies
Photovoltaics
Small Hydroelectric
Solar Space Heat
Solar Thermal Electric
Solar Water Heat
Ground Source Heat Pumps
Wind
Yes
Local Option - Commercial PACE Financing (Utah) PACE Financing Utah Commercial
Fed. Government
Industrial
Local Government
Multi-Family Residential
Nonprofit
State Government
Boilers
Building Insulation
Caulking/Weather-stripping
Central Air conditioners
Chillers
Custom/Others pending approval
Doors
Energy Mgmt. Systems/Building Controls
Equipment Insulation
Furnaces
Heat pumps
Heat recovery
Lighting
Programmable Thermostats
Roofs
Windows
Daylighting
Geothermal Electric
Ground Source Heat Pumps
Other Distributed Generation Technologies
Photovoltaics
Small Hydroelectric
Solar Water Heat
Wind
Yes
Local Option - Contractual Assessments for Energy Efficient Improvements (Texas) PACE Financing Texas Agricultural
Commercial
Industrial
Multi-Family Residential
Residential
Yes
Local Option - Contractual Assessments for Renewable Energy and/or Energy Efficiency (Illinois) PACE Financing Illinois Agricultural
Commercial
Industrial
Residential
Yes
Local Option - County Energy District Authority (Oklahoma) PACE Financing Oklahoma Agricultural
Commercial
Industrial
Institutional
Nonprofit
Residential
Yes
Local Option - Energy Efficiency & Clean Energy Districts (New Hampshire) PACE Financing New Hampshire Agricultural
Commercial
Industrial
Multi-Family Residential
Residential
Waste heat
Boilers
Building Insulation
Central Air conditioners
Chillers
Duct/Air sealing
Energy Mgmt. Systems/Building Controls
Furnaces
Heat pumps
Lighting
Windows
CHP/Cogeneration
Biomass
Daylighting
Photovoltaics
Solar Space Heat
Solar Thermal Process Heat
Solar Water Heat
Ground Source Heat Pumps
Wind
Yes
Local Option - Energy Improvement Financing Programs (Minnesota) PACE Financing Minnesota Commercial
Industrial
Multi-Family Residential
Residential
Custom/Others pending approval
Geothermal Electric
Ground Source Heat Pumps
Photovoltaics
Solar Water Heat
Wind
Yes
Local Option - Energy Improvement Loan Program (Wyoming) PACE Financing Wyoming Other Distributed Generation Technologies
Unspecified technologies
Yes
Local Option - Energy Revolving Loan Fund (Massachusetts) PACE Financing Massachusetts Commercial
Industrial
Residential
Photovoltaics
Solar Water Heat
Yes
Local Option - Energy-Efficiency Improvement Loans (Wisconsin) PACE Financing Wisconsin Commercial
Industrial
Residential
Yes
Local Option - Improvement Districts for Energy Efficiency and Renewable Energy Improvements (Colorado) PACE Financing Colorado Agricultural
Commercial
Industrial
Institutional
Low-Income Residential
Multi-Family Residential
Residential
Building Insulation
Caulking/Weather-stripping
Central Air conditioners
Energy Mgmt. Systems/Building Controls
Heat pumps
Heat recovery
Lighting
Lighting Controls/Sensors
Windows
Biodiesel
Biomass
Daylighting
Ethanol
Fuel Cells using Renewable Fuels
Geothermal Electric
Ground Source Heat Pumps
Photovoltaics
Small Hydroelectric
Solar Thermal Electric
Solar Water Heat
Wind
Yes
Local Option - Local Improvement Districts (Oregon) PACE Financing Oregon Commercial
Industrial
Multi-Family Residential
Residential
Yes
Local Option - Municipal Energy Districts (California) PACE Financing California Yes
Local Option - Municipal Sustainable Energy Programs (New York) PACE Financing New York Agricultural
Commercial
Industrial
Institutional
Multi-Family Residential
Nonprofit
Residential
Boilers
Building Insulation
Caulking/Weather-stripping
Central Air conditioners
Custom/Others pending approval
Furnaces
Lighting
Windows
Anaerobic Digestion
Biomass
Fuel Cells
Fuel Cells using Renewable Fuels
Geothermal Electric
Ground Source Heat Pumps
Photovoltaics
Solar Space Heat
Solar Thermal Process Heat
Solar Water Heat
Wind
Yes
Local Option - Property Assessed Clean Energy (Maine) PACE Financing Maine Commercial
Residential
Boilers
Building Insulation
Caulking/Weather-stripping
Ceiling Fan
Central Air conditioners
Clothes Washers
Duct/Air sealing
Furnaces
Heat pumps
Lighting
Lighting Controls/Sensors
Programmable Thermostats
Refrigerators
Water Heaters
Windows
Biomass
Ground Source Heat Pumps
Landfill Gas
Photovoltaics
Solar Space Heat
Solar Water Heat
Energy Storage
Wind
Dehumidifiers
Yes
Local Option - Property Assessed Clean Energy (Michigan) PACE Financing Michigan Commercial
Industrial
Boilers
Building Insulation
Caulking/Weather-stripping
Central Air conditioners
Chillers
Duct/Air sealing
Energy Mgmt. Systems/Building Controls
Furnaces
Heat pumps
Heat recovery
Lighting
Roofs
Windows
Biomass
CHP/Cogeneration
Landfill Gas
Photovoltaics
Solar Space Heat
Solar Water Heat
Ground Source Heat Pumps
Wind
Yes
Local Option - Property Assessed Clean Energy (Vermont) PACE Financing Vermont Residential Boilers
Building Insulation
Ceiling Fan
Comprehensive Measures/Whole Building
Doors
Duct/Air sealing
Energy Mgmt. Systems/Building Controls
Furnaces
Heat recovery
Lighting
Motor VFDs
Motors
Programmable Thermostats
Water Heaters
Windows
Biomass
Daylighting
Photovoltaics
Small Hydroelectric
Solar Space Heat
Solar Thermal Electric
Solar Water Heat
Wind
Yes
Local Option - Property Assessed Clean Energy Financing (Arkansas) PACE Financing Arkansas Photovoltaics Yes
Local Option - Property Assessed Clean Energy Financing (New Jersey) PACE Financing New Jersey Yes
Local Option - Property-Assessed Clean Energy Financing (Rhode Island) PACE Financing Rhode Island Residential Fuel Cells using Renewable Fuels
Photovoltaics
Energy Storage
Wind
Yes
Local Option - Refuse (Including Energy Waste) and Garbage Improvement Districts (New York) PACE Financing New York Residential Furnaces
Boilers
Central Air conditioners
Caulking/Weather-stripping
Duct/Air sealing
Building Insulation
Custom/Others pending approval
Solar Water Heat
Solar Space Heat
No
Local Option - Renewable Energy Financing District/Solar Energy Improvement Special Assessments (New Mexico) PACE Financing New Mexico Commercial
Residential
Geothermal Electric
Ground Source Heat Pumps
Photovoltaics
Solar Space Heat
Solar Thermal Electric
Solar Water Heat
Wind
Yes
Local Option - Residential Sustainable Energy Program (Connecticut) PACE Financing Connecticut Residential
Property Owners
Comprehensive Measures/Whole Building
Custom/Others pending approval
Ground Source Heat Pumps
Photovoltaics
Solar Space Heat
Solar Water Heat
Wind
Caulking/Weather-stripping
Duct/Air sealing
Building Insulation
Windows
Siding
Roofs
Yes
Local Option - Special Districts (Florida) PACE Financing Florida Commercial
Residential
Boilers
Building Insulation
Central Air conditioners
Chillers
Duct/Air sealing
Energy Mgmt. Systems/Building Controls
Furnaces
Heat pumps
Heat recovery
Lighting
Windows
Biomass
Daylighting
Ground Source Heat Pumps
Hydrogen
Photovoltaics
Solar Space Heat
Solar Water Heat
Wind
Yes
Local Option - Special Energy Improvement Districts (Ohio) PACE Financing Ohio Agricultural
Commercial
Industrial
Low-Income Residential
Multi-Family Residential
Residential
Anaerobic Digestion
Biomass
Ground Source Heat Pumps
Photovoltaics
Solar Thermal Electric
Solar Thermal Process Heat
Solar Water Heat
Wind
Yes
Local Option - Special Improvement Districts (Georgia) PACE Financing Georgia Commercial
Industrial
Local Government
Residential
Schools
Yes
Local Option - Special Improvement Districts (Hawaii) PACE Financing Hawaii Commercial
Residential
Yes
Local Option - Special Improvement Districts (Nevada) PACE Financing Nevada Commercial
Industrial
Multi-Family Residential
Residential
Biomass
Geothermal Electric
Ground Source Heat Pumps
Hydroelectric energy
Photovoltaics
Small Hydroelectric
Solar Pool Heating
Solar Space Heat
Solar Thermal Electric
Solar Thermal Process Heat
Solar Water Heat
Wind
Yes
Local Option - Sustainable Energy Financing Districts (Louisiana) PACE Financing Louisiana Commercial
Residential
Building Insulation
Caulking/Weather-stripping
Central Air conditioners
Custom/Others pending approval
Doors
Energy Mgmt. Systems/Building Controls
Heat pumps
Lighting
Lighting Controls/Sensors
Roofs
Windows
Biomass
Daylighting
Geothermal Electric
Other Distributed Generation Technologies
Photovoltaics
Solar Thermal Electric
Solar Water Heat
Wind
Yes
Los Angeles County - Commercial PACE (California) PACE Financing California Commercial Boilers
Central Air conditioners
Chillers
Custom/Others pending approval
Energy Mgmt. Systems/Building Controls
Furnaces
Heat pumps
Lighting
Lighting Controls/Sensors
Motors
Programmable Thermostats
Windows
Fuel Cells using Renewable Fuels
Photovoltaics
Solar Water Heat
Motor VFDs
Fuel Cells
Yes
Maine PACE Loans (Maine) PACE Financing Maine Residential Boilers
Building Insulation
Caulking/Weather-stripping
Ceiling Fan
Central Air conditioners
Clothes Washers
Custom/Others pending approval
Duct/Air sealing
Furnaces
Heat pumps
Lighting
Lighting Controls/Sensors
Programmable Thermostats
Refrigerators
Water Heaters
Windows
Biomass
Ground Source Heat Pumps
Photovoltaics
Solar Space Heat
Solar Water Heat
Wind
Energy Storage
Dehumidifiers
Yes
Miami-Dade County - Voluntary Energy Efficiency and Renewable Energy Program (Florida) PACE Financing Florida Commercial
Residential
Boilers
Building Insulation
Central Air conditioners
Chillers
Custom/Others pending approval
Duct/Air sealing
Energy Mgmt. Systems/Building Controls
Furnaces
Heat pumps
Heat recovery
Lighting
Lighting Controls/Sensors
Windows
Biomass
Daylighting
Hydrogen
Passive Solar Space Heat
Photovoltaics
Solar Space Heat
Solar Thermal Electric
Solar Water Heat
Wind
Yes
Milwaukee - Milwaukee Shines PACE Solar Loan Program (Wisconsin) PACE Financing Wisconsin Residential Solar Water Heat
Photovoltaics
No
Missouri Clean Energy District (Missouri) PACE Financing Missouri Commercial
Industrial
Nonprofit
Schools
Local Government
State Government
Multi-Family Residential
Agricultural
Institutional
Comprehensive Measures/Whole Building
Custom/Others pending approval
Solar Thermal Electric
Solar Thermal Process Heat
Photovoltaics
Wind
Biomass
Geothermal Electric
Ground Source Heat Pumps
Yes
Property Assessed Clean Energy Financing (District of Columbia) PACE Financing District of Columbia Commercial
Industrial
Local Government
Multi-Family Residential
Nonprofit
State Government
Boilers
Building Insulation
Caulking/Weather-stripping
Central Air conditioners
Chillers
Custom/Others pending approval
Doors
Energy Mgmt. Systems/Building Controls
Equipment Insulation
Furnaces
Heat pumps
Heat recovery
Lighting
Windows
Daylighting
Yes
River Falls Municipal Utilities - Renewable Energy Finance Program (Wisconsin) PACE Financing Wisconsin Residential Custom/Others pending approval
Geothermal Electric
Ground Source Heat Pumps
Photovoltaics
Solar Space Heat
Solar Water Heat
Wind
Yes
Set the PACE St. Louis (Missouri) PACE Financing Missouri Commercial
Residential
Installer/Contractor
Multi-Family Residential
Ceiling Fan
Water Heaters
Lighting
Furnaces
Boilers
Heat pumps
Central Air conditioners
Programmable Thermostats
Caulking/Weather-stripping
Duct/Air sealing
Building Insulation
Windows
Doors
Comprehensive Measures/Whole Building
Solar Water Heat
Photovoltaics
Yes
Sonoma County - Energy Independence Program (California) PACE Financing California Commercial
Industrial
Multi-Family Residential
Residential
Building Insulation
Caulking/Weather-stripping
Duct/Air sealing
Lighting
Lighting Controls/Sensors
CHP/Cogeneration
Fuel Cells using Renewable Fuels
Ground Source Heat Pumps
Photovoltaics
Solar Pool Heating
Solar Water Heat
Central Air conditioners
Furnaces
Heat pumps
Motors
Roofs
Water Heaters
Windows
Yes
Tax Increment Financing (TIF) (Nebraska) PACE Financing Nebraska Agricultural
Commercial
Construction
Fed. Government
Fuel Distributor
General Public/Consumer
Industrial
Installer/Contractor
Institutional
Investor-Owned Utility
Local Government
Low-Income Residential
Multi-Family Residential
Municipal/Public Utility
Nonprofit
Residential
Retail Supplier
Rural Electric Cooperative
Schools
State/Provincial Govt
Systems Integrator
Transportation
Tribal Government
Utility
Coal with CCS
Concentrating Solar Power
Energy Storage
Fuel Cells
Geothermal Electric
Natural Gas
Nuclear
Wind energy
Biomass/Biogas
Hydroelectric energy
Hydroelectric (Small)
Solar Photovoltaics
Yes
Town of Babylon - Long Island Green Homes Program (New York) PACE Financing New York Residential Boilers
Building Insulation
Caulking/Weather-stripping
Custom/Others pending approval
Duct/Air sealing
Furnaces
Lighting
Yes
Western Riverside Council of Governments - Home Energy Renovation Opportunity (HERO) Financing Program (California) PACE Financing California Residential Boilers
Caulking/Weather-stripping
Central Air conditioners
Custom/Others pending approval
Duct/Air sealing
Furnaces
Heat pumps
Lighting
Programmable Thermostats
Roofs
Windows
Photovoltaics
Solar Water Heat
Wind
Ground Source Heat Pumps
Building Insulation
Yes
Western Riverside Council of Governments - Large Commercial PACE (California) PACE Financing California Commercial Boilers
Building Insulation
Caulking/Weather-stripping
Central Air conditioners
Custom/Others pending approval
Duct/Air sealing
Furnaces
Heat pumps
Programmable Thermostats
Roofs
Windows
Ground Source Heat Pumps
Photovoltaics
Solar Water Heat
Wind
Lighting
Yes


References

  1. DSIRE Glossary