The property assessed clean energy (PACE) model is an innovative mechanism for financing energy efficiency and renewable energy improvements on private property. PACE programs allow a property owner to finance the up-front cost of energy or other eligible improvements on a property and then pay the costs back over time through a voluntary assessment.
The unique characteristic of PACE assessments is that the assessment is attached to the property rather than an individual. This eliminates the need to stay in the property long enough for the resulting savings to cover the upfront costs. The recent extension of this financing model to energy efficiency and renewable energy allows a property owner to implement improvements without a large up-front cash payment.
CLICK HERE to learn more about how Air Force One and GBQ can help with available funding options for HVAC and other building upgrades.