CDFA - DRAFT Property Assessed Clean Energy (PACE) Finance Resource Center

Property Assessed Clean Energy (PACE) is an economic development tool that enables low-cost, long-term financing for energy efficiency, renewable energy, and water conservation projects. As a broad, flexible financing tool, it can be used for commercial, nonprofit, and residential properties. PACE provides 100% upfront financing to complete an energy efficiency, renewable energy, or resiliency project. Extended-term financing allows for the property owner to pay back the loan over a period of up to 30 years. Not all states in the U.S. enable PACE finance. To date, PACE-enabling legislation is active in 38 states plus D.C., and PACE programs are active in 30 states. Additional information about PACE-enabling legislation can be found via the Programs Map.

The PACE financing model allows property owners to access affordable capital to make energy efficiency upgrades to their properties by allowing the local municipality to place a special assessment on the property’s tax bill. The debt is associated with the property, not the property owner, and therefore is repaid by the property owner via the assessment on the tax bill, making the costly energy efficiency upgrades affordable in the long term.

The PACE Finance Resource Center provides the tools and resources to better understand PACE finance.

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Recent Updates

CDFA-Bricker Graydon Webinar Series: Financing Green Energy with PACE and Special Assessments

During this installment of the CDFA-Bricker Webinar Series, speakers present the basics of how Property Assessed Clean Energy (PACE) and special assessments work and provide case studies highlighting how these tools can be paired to create more environmentally sustainable projects.

CDFA Food Systems Finance Webinar Series: Empowering Agriculture with PACE Financing

During this installment of the CDFA Food Systems Finance Webinar Series, experts highlight the innovative ways in which PACE programs are evolving to support the agriculture industry across the country.

Soil Wealth Areas: Place-based Financing for Conservation, Rural Communities & Regen Ag Members only

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A new report from Croatan Institute highlights how the Soil Wealth Area model can facilitate more investment in regenerative agriculture, enhance conservation, and support resilient rural economies. The report provides specific recommendations for implementing Soil Wealth Areas in each of the regions analyzed and creating a wider Soil Wealth Community for practitioners to share learnings about their experiences with place-based financing.

Search the map below to find Property Assessed Clean Energy (PACE) programs by state. This specialized search is part of CDFA's State Financing Program Directory, the only online resource cataloging the development finance programs offered by state governments. Click on a state to see a sample of programs available. Login with a CDFA Member account at the top of the page to view full results.

-Resources

This section provides resources to help better understand and navigate the PACE program.

View all PACE Resources

-Headlines

Toledo Museum of Art: Ohio Port Authority Partnership in Action
Columbus-Franklin County Finance Authority | Dec. 13 | Bond Finance | Property Assessed Clean Energy (PACE)

New Mexico Announces First C-Pace Financing in Santa Fe
New Mexico Economic Development Department | Oct. 28 | Energy Finance | Property Assessed Clean Energy (PACE) | State Small Business Credit Initiative (SSBCI)

Nevada Co-op Receives $80.3M PACE Loan for Solar, Storage Systems
NRECA | Sep. 3 | Energy Finance | Property Assessed Clean Energy (PACE) | U.S. Dept. of Agriculture (USDA)

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-Previous Events

CDFA-Bricker Graydon Webinar Series: Financing Green Energy with PACE and Special Assessments

Green Finance | Property Assessed Clean Energy (PACE) | Webcasts

During this installment of the CDFA-Bricker Webinar Series, speakers present the basics of how Property Assessed Clean Energy (PACE) and special assessments work and provide case studies highlighting how these tools can be paired to create more environmentally sustainable projects.

CDFA Food Systems Finance Webinar Series: Empowering Agriculture with PACE Financing

Agriculture Finance | Food Systems Finance | Property Assessed Clean Energy (PACE) | Webcasts

During this installment of the CDFA Food Systems Finance Webinar Series, experts highlight the innovative ways in which PACE programs are evolving to support the agriculture industry across the country.

CDFA-Bricker PACE Webinar Series: PACE 2.0 - The Next 10 Years

Economic Development | Energy Finance | Property Assessed Clean Energy (PACE) | Webcasts

It has been approximately 10 years since the first PACE programs began. During this workshop, our speakers provided insights related to expanding PACE assessments to benefit buildings and properties for other non-energy related improvements such as indoor air quality, lead water pipe replacement, surface stormwater mitigation, and sewer overflows.

CDFA-Bricker PACE Webinar Series: Best Practices for Marketing & Selling PACE Across All Market Sectors

Economic Development | Property Assessed Clean Energy (PACE) | Webcasts

Now that the PACE marketplace has been “built,” how does it become mainstream so that all property owners know about PACE? This workshop explored proven methods for marketing and selling PACE to contractors, economic development agencies, commercial real estate professionals, and ultimately the property owner.

CDFA-Bricker PACE Webinar Series: Advancing Multi-Family Housing & Renewable Energy Goals with PACE

Energy Finance | Housing Finance | Property Assessed Clean Energy (PACE) | Webcasts

Certain property and project types have not taken full advantage of PACE, however, during this workshop, we explored what is being done to advance the goals in these market areas.

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