Property Assessed Clean Energy (PACE) is a financing tool that offers building owners up to 100 percent funding for energy efficiency and renewable energy projects. The PACE loan model requires little to no upfront cost and offers low interest rates and long loan terms.
PACE has been available in counties and cities across New York State and became available for New York City’s commercial, nonprofit and multifamily buildings in 2021. This lower-cost financing can help unlock the $20 billion retrofit market opportunity resulting from NYC’s building emissions law.
Expert speakers discuss what projects are eligible for PACE financing and explain how project eligibility is determined, the PACE energy audit, which measures are pre-qualified and other aspects of how the guidelines will be implemented. This event clarifies what is and isn’t permitted with PACE loans.
Published March 18, 2021