PACE Financing

From Open Energy Information

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]



PACE Financing Incentives

IncentiveIncentive TypePlaceApplicable SectorEligible TechnologiesActive
Boulder County - ClimateSmart Loan Program (Colorado)PACE FinancingBoulder County, ColoradoCommercial
Low-Income Residential
Multi-Family Residential
Residential
Boilers
Building Insulation
Central Air conditioners
Doors
Duct/Air sealing
Furnaces
Heat recovery
Lighting
Programmable Thermostats
Roofs
Water Heaters
Windows
Biomass
Ground Source Heat Pumps
Photovoltaics
Solar Pool Heating
Solar Water Heat
Wind
No
California Enterprise Development Authority (Figtree PACE) - Statewide PACE Program (California)PACE FinancingCaliforniaCommercial
Residential
Water Heaters
Lighting
Lighting Controls/Sensors
Chillers
Furnaces
Boilers
Heat pumps
Central Air conditioners
Steam-system upgrades
Programmable Thermostats
Duct/Air sealing
Building Insulation
Doors
Motor VFDs
Solar Water Heat
Photovoltaics
Wind
Fuel Cells
Ground Source Heat Pumps
Yes
CaliforniaFIRST (California)PACE FinancingCaliforniaCommercial
Industrial
Multi-Family Residential
Agricultural
Equipment Insulation
Water Heaters
Lighting
Lighting Controls/Sensors
Furnaces
Heat pumps
Central Air conditioners
Heat recovery
Programmable Thermostats
Caulking/Weather-stripping
Duct/Air sealing
Building Insulation
Roofs
Solar Water Heat
Solar Space Heat
Photovoltaics
Wind
Fuel Cells
Ground Source Heat Pumps
Fuel Cells using Renewable Fuels
Yes
City of Ann Arbor - PACE Financing (Michigan)PACE FinancingMichiganCommercial
Industrial
Multi-Family Residential
Clothes Washers
Dishwasher
Refrigerators
Dehumidifiers
Ceiling Fan
Water Heaters
Lighting
Chillers
Furnaces
Boilers
Heat pumps
Central Air conditioners
Programmable Thermostats
Energy Mgmt. Systems/Building Controls
Caulking/Weather-stripping
Duct/Air sealing
Building Insulation
Windows
Roofs
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 FinancingCaliforniaCommercial
Residential
PhotovoltaicsNo
City of Palm Desert - Energy Independence Program (California)PACE FinancingPalm Desert, CaliforniaAgricultural
Commercial
Industrial
Residential
Doors
Photovoltaics
Solar Space Heat
Solar Water Heat
Central Air conditioners
Windows
Yes
City of San Francisco - GreenFinanceSF (California)PACE FinancingCaliforniaCommercial
Nonprofit
Multi-Family Residential
Water Heaters
Furnaces
Boilers
Central Air conditioners
Programmable Thermostats
Caulking/Weather-stripping
Duct/Air sealing
Building Insulation
Windows
Solar Water Heat
Photovoltaics
Yes
Jefferson City - Property Assessed Clean Energy (Missouri)PACE FinancingMissouriCommercial
Residential
Lighting
Lighting Controls/Sensors
Chillers
Furnaces
Boilers
Heat pumps
Central Air conditioners
Heat recovery
Programmable Thermostats
Energy Mgmt. Systems/Building Controls
Caulking/Weather-stripping
Building Insulation
Windows
Doors
Roofs
Comprehensive Measures/Whole Building
CHP/Cogeneration
Solar Thermal Electric
Photovoltaics
Wind
Biomass
Geothermal Electric
Ground Source Heat Pumps
Daylighting
No
Lean and Green Michigan (Michigan)PACE FinancingMichiganCommercial
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 FinancingMissouriCommercial
Industrial
Residential
Nonprofit
Schools
Local Government
State Government
Multi-Family Residential
Agricultural
Institutional
Equipment Insulation
Lighting
Furnaces
Boilers
Heat pumps
Central Air conditioners
Heat recovery
Energy Mgmt. Systems/Building Controls
Caulking/Weather-stripping
Building Insulation
Windows
Doors
Comprehensive Measures/Whole Building
Custom/Others pending approval
Solar Water Heat
Solar Space Heat
Photovoltaics
Wind
Biomass
Ground Source Heat Pumps
Daylighting
Other Distributed Generation Technologies
Yes
Local Option - Clean Energy Financing (North Carolina)PACE FinancingNorth CarolinaAgricultural
Commercial
Industrial
Low-Income Residential
Multi-Family Residential
Residential
Yes
Local Option - Clean Energy Financing (Virginia)PACE FinancingVirginiaCommercial
Construction
Institutional
Residential
Yes
Local Option - Clean Energy Loan Program (Maryland)PACE FinancingMarylandCommercial
Low-Income Residential
Residential
Yes
Local Option - Commercial PACE Financing (Connecticut)PACE FinancingConnecticutCommercial
Industrial
Multi-Family Residential
Low-Income Residential
Lighting
Lighting Controls/Sensors
Chillers
Furnaces
Boilers
Heat pumps
Central Air conditioners
Programmable Thermostats
Energy Mgmt. Systems/Building Controls
Caulking/Weather-stripping
Duct/Air sealing
Building Insulation
Windows
Siding
Roofs
Motor VFDs
Processing and Manufacturing Equipment
Comprehensive Measures/Whole Building
Custom/Others pending approval
CHP/Cogeneration
Solar Water Heat
Solar Space Heat
Solar Thermal Electric
Photovoltaics
Landfill Gas
Wind
Biomass
Geothermal Electric
Fuel Cells
Ground Source Heat Pumps
Municipal Solid Waste
Small Hydroelectric
Fuel Cells using Renewable Fuels
Other Distributed Generation Technologies
Yes
Local Option - Commercial PACE Financing (Utah)PACE FinancingUtahCommercial
Industrial
Nonprofit
Local Government
State Government
Fed. Government
Multi-Family Residential
Equipment Insulation
Lighting
Chillers
Furnaces
Boilers
Heat pumps
Central Air conditioners
Heat recovery
Programmable Thermostats
Energy Mgmt. Systems/Building Controls
Caulking/Weather-stripping
Building Insulation
Windows
Doors
Roofs
Custom/Others pending approval
Solar Water Heat
Photovoltaics
Wind
Geothermal Electric
Ground Source Heat Pumps
Daylighting
Small Hydroelectric
Other Distributed Generation Technologies
Yes
Local Option - Contractual Assessments for Energy Efficient Improvements (Texas)PACE FinancingTexasAgricultural
Commercial
Industrial
Multi-Family Residential
Residential
Yes
Local Option - Contractual Assessments for Renewable Energy and/or Energy Efficiency (Illinois)PACE FinancingIllinoisAgricultural
Commercial
Industrial
Residential
Yes
Local Option - County Energy District Authority (Oklahoma)PACE FinancingOklahomaAgricultural
Commercial
Industrial
Institutional
Nonprofit
Residential
Yes
Local Option - Energy Efficiency & Clean Energy Districts (New Hampshire)PACE FinancingNew HampshireCommercial
Industrial
Residential
Multi-Family Residential
Agricultural
Waste heat
Lighting
Chillers
Furnaces
Boilers
Heat pumps
Central Air conditioners
Energy Mgmt. Systems/Building Controls
Duct/Air sealing
Building Insulation
Windows
CHP/Cogeneration
Solar Water Heat
Solar Space Heat
Solar Thermal Process Heat
Photovoltaics
Wind
Biomass
Ground Source Heat Pumps
Daylighting
Yes
Local Option - Energy Improvement Financing Programs (Minnesota)PACE FinancingMinnesotaCommercial
Industrial
Residential
Multi-Family Residential
Custom/Others pending approval
Solar Water Heat
Photovoltaics
Wind
Geothermal Electric
Ground Source Heat Pumps
Yes
Local Option - Energy Improvement Loan Program (Wyoming)PACE FinancingWyomingOther Distributed Generation Technologies
Unspecified technologies
Yes
Local Option - Energy Revolving Loan Fund (Massachusetts)PACE FinancingMassachusettsCommercial
Industrial
Residential
Solar Water Heat
Photovoltaics
Yes
Local Option - Energy-Efficiency Improvement Loans (Wisconsin)PACE FinancingWisconsinCommercial
Industrial
Residential
Yes
Local Option - Improvement Districts for Energy Efficiency and Renewable Energy Improvements (Colorado)PACE FinancingColoradoCommercial
Industrial
Residential
Multi-Family Residential
Low-Income Residential
Agricultural
Institutional
Lighting
Lighting Controls/Sensors
Heat pumps
Central Air conditioners
Heat recovery
Energy Mgmt. Systems/Building Controls
Caulking/Weather-stripping
Building Insulation
Windows
Solar Water Heat
Solar Thermal Electric
Photovoltaics
Wind
Biomass
Geothermal Electric
Ground Source Heat Pumps
Daylighting
Small Hydroelectric
Ethanol
Biodiesel
Fuel Cells using Renewable Fuels
Yes
Local Option - Local Improvement Districts (Oregon)PACE FinancingOregonCommercial
Industrial
Multi-Family Residential
Residential
Yes
Local Option - Municipal Energy Districts (California)PACE FinancingCaliforniaYes
Local Option - Municipal Sustainable Energy Programs (New York)PACE FinancingNew YorkCommercial
Industrial
Residential
Nonprofit
Multi-Family Residential
Agricultural
Institutional
Lighting
Furnaces
Boilers
Central Air conditioners
Caulking/Weather-stripping
Building Insulation
Windows
Custom/Others pending approval
Solar Water Heat
Solar Space Heat
Solar Thermal Process Heat
Photovoltaics
Wind
Biomass
Geothermal Electric
Fuel Cells
Ground Source Heat Pumps
Anaerobic Digestion
Fuel Cells using Renewable Fuels
Yes
Local Option - Property Assessed Clean Energy (Maine)PACE FinancingMaineCommercial
Residential
Clothes Washers
Refrigerators
Dehumidifiers
Ceiling Fan
Water Heaters
Lighting
Lighting Controls/Sensors
Furnaces
Boilers
Heat pumps
Central Air conditioners
Programmable Thermostats
Caulking/Weather-stripping
Duct/Air sealing
Building Insulation
Windows
Solar Water Heat
Solar Space Heat
Photovoltaics
Landfill Gas
Wind
Biomass
Ground Source Heat Pumps
Energy Storage
Yes
Local Option - Property Assessed Clean Energy (Michigan)PACE FinancingMichiganCommercial
Industrial
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 - Property Assessed Clean Energy (Vermont)PACE FinancingVermontResidentialCeiling Fan
Water Heaters
Lighting
Furnaces
Boilers
Heat recovery
Programmable Thermostats
Energy Mgmt. Systems/Building Controls
Duct/Air sealing
Building Insulation
Windows
Doors
Motors
Motor VFDs
Comprehensive Measures/Whole Building
Solar Water Heat
Solar Space Heat
Solar Thermal Electric
Photovoltaics
Wind
Biomass
Daylighting
Small Hydroelectric
Yes
Local Option - Property Assessed Clean Energy Financing (Arkansas)PACE FinancingArkansasPhotovoltaicsYes
Local Option - Property Assessed Clean Energy Financing (New Jersey)PACE FinancingNew JerseyYes
Local Option - Property-Assessed Clean Energy Financing (Rhode Island)PACE FinancingRhode IslandResidentialPhotovoltaics
Wind
Fuel Cells using Renewable Fuels
Energy Storage
Yes
Local Option - Refuse (Including Energy Waste) and Garbage Improvement Districts (New York)PACE FinancingNew YorkResidentialFurnaces
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 FinancingNew MexicoCommercial
Residential
Solar Water Heat
Solar Space Heat
Solar Thermal Electric
Photovoltaics
Wind
Geothermal Electric
Ground Source Heat Pumps
Yes
Local Option - Residential Sustainable Energy Program (Connecticut)PACE FinancingConnecticutResidential
Property Owners
Caulking/Weather-stripping
Duct/Air sealing
Building Insulation
Windows
Siding
Roofs
Comprehensive Measures/Whole Building
Custom/Others pending approval
Solar Water Heat
Solar Space Heat
Photovoltaics
Wind
Ground Source Heat Pumps
Yes
Local Option - Special Districts (Florida)PACE FinancingFloridaCommercial
Residential
Lighting
Chillers
Furnaces
Boilers
Heat pumps
Central Air conditioners
Heat recovery
Energy Mgmt. Systems/Building Controls
Duct/Air sealing
Building Insulation
Windows
Solar Water Heat
Solar Space Heat
Photovoltaics
Wind
Biomass
Ground Source Heat Pumps
Hydrogen
Daylighting
Yes
Local Option - Special Energy Improvement Districts (Ohio)PACE FinancingOhioCommercial
Industrial
Residential
Multi-Family Residential
Low-Income Residential
Agricultural
Solar Water Heat
Solar Thermal Electric
Solar Thermal Process Heat
Photovoltaics
Wind
Biomass
Ground Source Heat Pumps
Anaerobic Digestion
Yes
Local Option - Special Improvement Districts (Georgia)PACE FinancingGeorgiaCommercial
Industrial
Local Government
Residential
Schools
Yes
Local Option - Special Improvement Districts (Hawaii)PACE FinancingHawaiiCommercial
Residential
Yes
Local Option - Special Improvement Districts (Nevada)PACE FinancingNevadaCommercial
Industrial
Residential
Multi-Family Residential
Solar Water Heat
Solar Space Heat
Solar Thermal Electric
Solar Thermal Process Heat
Photovoltaics
Wind
Biomass
Hydroelectric energy
Geothermal Electric
Ground Source Heat Pumps
Solar Pool Heating
Small Hydroelectric
Yes
Local Option - Sustainable Energy Financing Districts (Louisiana)PACE FinancingLouisianaCommercial
Residential
Lighting
Lighting Controls/Sensors
Heat pumps
Central Air conditioners
Energy Mgmt. Systems/Building Controls
Caulking/Weather-stripping
Building Insulation
Windows
Doors
Roofs
Custom/Others pending approval
Solar Water Heat
Solar Thermal Electric
Photovoltaics
Wind
Biomass
Geothermal Electric
Daylighting
Other Distributed Generation Technologies
Yes
Los Angeles County - Commercial PACE (California)PACE FinancingCaliforniaCommercialLighting
Lighting Controls/Sensors
Chillers
Furnaces
Boilers
Heat pumps
Central Air conditioners
Programmable Thermostats
Energy Mgmt. Systems/Building Controls
Windows
Motors
Motor VFDs
Custom/Others pending approval
Solar Water Heat
Photovoltaics
Fuel Cells
Fuel Cells using Renewable Fuels
Yes
Maine PACE Loans (Maine)PACE FinancingMaineResidentialClothes Washers
Refrigerators
Dehumidifiers
Ceiling Fan
Water Heaters
Lighting
Lighting Controls/Sensors
Furnaces
Boilers
Heat pumps
Central Air conditioners
Programmable Thermostats
Caulking/Weather-stripping
Duct/Air sealing
Building Insulation
Windows
Custom/Others pending approval
Solar Water Heat
Solar Space Heat
Photovoltaics
Wind
Biomass
Ground Source Heat Pumps
Energy Storage
Yes
Miami-Dade County - Voluntary Energy Efficiency and Renewable Energy Program (Florida)PACE FinancingFloridaCommercial
Residential
Lighting
Lighting Controls/Sensors
Chillers
Furnaces
Boilers
Heat pumps
Central Air conditioners
Heat recovery
Energy Mgmt. Systems/Building Controls
Duct/Air sealing
Building Insulation
Windows
Custom/Others pending approval
Passive Solar Space Heat
Solar Water Heat
Solar Space Heat
Solar Thermal Electric
Photovoltaics
Wind
Biomass
Hydrogen
Daylighting
Yes
Milwaukee - Milwaukee Shines PACE Solar Loan Program (Wisconsin)PACE FinancingWisconsinResidentialSolar Water Heat
Photovoltaics
No
Missouri Clean Energy District (Missouri)PACE FinancingMissouriCommercial
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 FinancingDistrict of ColumbiaCommercial
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 FinancingWisconsinResidentialCustom/Others pending approval
Solar Water Heat
Solar Space Heat
Photovoltaics
Wind
Geothermal Electric
Ground Source Heat Pumps
Yes
Set the PACE St. Louis (Missouri)PACE FinancingMissouriCommercial
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 FinancingCaliforniaCommercial
Industrial
Residential
Multi-Family Residential
Water Heaters
Lighting
Lighting Controls/Sensors
Furnaces
Heat pumps
Central Air conditioners
Caulking/Weather-stripping
Duct/Air sealing
Building Insulation
Windows
Roofs
Motors
CHP/Cogeneration
Solar Water Heat
Photovoltaics
Ground Source Heat Pumps
Solar Pool Heating
Fuel Cells using Renewable Fuels
Yes
Tax Increment Financing (TIF) (Nebraska)PACE FinancingNebraskaAgricultural
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
Biomass/Biogas
Coal with CCS
Concentrating Solar Power
Energy Storage
Fuel Cells
Geothermal Electric
Hydroelectric energy
Hydroelectric (Small)
Natural Gas
Nuclear
Solar Photovoltaics
Wind energy
Yes
Town of Babylon - Long Island Green Homes Program (New York)PACE FinancingNew YorkResidentialBoilers
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 FinancingCaliforniaResidentialLighting
Furnaces
Boilers
Heat pumps
Central Air conditioners
Programmable Thermostats
Caulking/Weather-stripping
Duct/Air sealing
Building Insulation
Windows
Roofs
Custom/Others pending approval
Solar Water Heat
Photovoltaics
Wind
Ground Source Heat Pumps
Yes
Western Riverside Council of Governments - Large Commercial PACE (California)PACE FinancingCaliforniaCommercialLighting
Furnaces
Boilers
Heat pumps
Central Air conditioners
Programmable Thermostats
Caulking/Weather-stripping
Duct/Air sealing
Building Insulation
Windows
Roofs
Custom/Others pending approval
Solar Water Heat
Photovoltaics
Wind
Ground Source Heat Pumps
Yes


References

  1. DSIRE Glossary