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
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Additional Videos:
What is PACE Financing? (2013)
Why Should Property Owners Use PACE? (2015)
PACE Financing is a Win-Win-Win! (2015)
What is PACE? Property Assessed Clean Energy – NFMT High-Performance Buildings (2016)
C-PACE: Financing sustainability while fostering economic development (2017)
Using Property Assessed Clean Energy (PACE) Financing to Make Buildings Better Pt 1; Using Property Assessed Clean Energy (PACE) Financing to Make Buildings Better Pt 2 Using Property Assessed Clean Energy (PACE) Financing to Make Buildings Better Pt 3 Using Property Assessed Clean Energy (PACE) Financing to Make Buildings Better Pt 4 (2017)
Property Assessed Clean Energy (PACE): How It Works for Commercial Property Owners (2019)
PACENation Webinar on PACE 101 ((2019)
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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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