C-PACE saves property owners money on energy with no out-of-pocket costs
PACE (Property Assessed Clean Energy) uses the local government’s taxing authority to attach a voluntary Special Assessment lien to a privately-owned property in order to secure the financing of energy improvements.
Here’s a 90-second overview of C-PACE
What You Need to Know About PACE in Rochester
In New York State, PACE is:
- Commercial only (includes office, retail, 5+unit multifamily, industrial, agricultural, and institutional/nonprofit buildings)
- Administered by EIC-PACE, a nonprofit local development corporation owned by its member counties and municipalities)
- Provides up to 100% of hard and soft costs for eligible upgrades
- Must be approved by mortgage holders (if any)
- Fixed-interest rates for terms up to 20-30 years, tied to the average useful life of the improvements
- Typically cash-flow positive from day one through energy cost savings
- Must reduce carbon emissions
Contact Us for more information about C-PACE in Rochester
Step up to PACE
- Finance Your Project
- Become a Professional PACE Originator or Project Developer
- Become a Member, Sponsor, or Major Donor
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