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ARTICLE · 28 AUGUST 2021

PACE Financing Can Create Essentially Found Money For Your Buildings

Have you heard of PACE Financing? If not, you should be aware that this can be an effectively easy way to create economic upside from your corporate – and non-corporate – real estate.

United StatesReal Estate and Construction

Have you heard of PACE Financing? If not, you should be aware that this can be an effectively easy way to create economic upside from your corporate – and non-corporate – real estate. It cannot be overstated that PACE financing provides a multitude of benefits to property owners, financial and otherwise. There are certainly dollars here. 

Here is the quick background:

First – what is PACE financing?

Property Assessed Clean Energy financing (i.e., PACE financing) enables property owners to obtain private, long-term, fixed-rate, fully amortizing financing for up to 100% of qualifying energy-efficient building improvements. This financing is repaid by an assessment on the property's tax bill. PACE financing needs to be legislatively enabled and is currently available in 37 states in the U.S. as well as Washington D.C.

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