PACE is an innovative way for commercial, industrial, multi-family, and agricultural property owners to obtain low-cost, long-term financing for water conservation, energy efficiency, and renewable energy projects.
For participating localities, PACE loans provide up to 100% funding of total project costs by placing a special assessment on the property that the owner repays over time on his/her tax bill.
PACE has great potential to directly affect a building’s bottom line. The savings in utility costs from the improvements typically offsets the cost of installation, resulting in immediate cash flow positive projects.
Click here to visit the Atlantic PACE website.