Property assessed clean energy (PACE) is a means of financing energy efficiency upgrades or renewable energy installations. In areas with PACE legislation in place, governments offer a specific bond to investors or in the case of the open-market model, private lenders provide financing to the building owners to put towards an energy retrofit. The loans are repaid over the selected term via an annual assessment on their property tax bill
Unit of Measure:
None
Sector:
Commercial, Residential, Multifamily
Bedes version:
