New York City has joined municipalities in 24 states and Washington, D.C. in launching the Property Assessed Clean Energy (PACE) loan program. As policies in New York require buildings to become more energy efficient and switch to cleaner fuels, this new program can help owners finance upgrades that reduce energy use and carbon emissions.
The new NYC Accelerator PACE Financing Program provides low-cost financing for the upfront costs of energy efficiency improvements and renewable energy system installations in buildings. NYC’s PACE program is available for most private real estate across the city except for one- to two-family homes and some condos, and will soon be available for new construction.
Read our policy brief to learn more about NYC’s PACE program, see what projects are eligible and find out how to start financing efficiency and renewables in your buildings.