PACE Programs

It is part of our mission to serve as a trusted source of information on PACE. Our goal is to keep track of all PACE programs in the U.S. and provide most up-to-date information and project documents. Below, is a list of all PACE programs by state.


Arkansas has enacted PACE enabling legislation and there is one active PACE program.

Arkansas Advanced Energy Equity Program (A2E2)

The City of Fayetteville’s Energy Improvement District PACE board voted unanimously in September, 2014 to engage A2E2 to administer the “Arkansas Advanced Energy Equity” program. Energy Equity Funding LLC and the Arkansas Advanced Energy Association partnered to design the program and jointly administer under the rubric “A2E2.” A2E2 closed its first PACE project in the city of Fayetteville in 2015.

To contact the Arkansas Advanced Energy Foundation, click here.

In development (North Little Rock)

A program is in development which will cover and be administered by the city of North Little Rock, AR.

More information coming soon.


California has enacted PACE enabling legislation and there are a number of active PACE programs and others in development.

AllianceNRG Program

alliance NRG

The Alliance NRG Program is a Property Assessed Clean Energy (PACE) financing program for residential and commercial properties. Alliance NRG is an approved lender for CSCDA’s Open PACE Program.

The AllianceNRG Program combines the expertise and resources of  Leidos Engineering and CounterPointe Energy Solutions in a focused effort to provide a nationwide funding platform. The AllianceNRG Program provides up to 100% financing for energy efficiency and renewable energy products for both residential and commercial property owners.

Click here to see the list of participating communities.

Contact Alliance NRG here, or by phone at (844) 589-7953. Website:



The CaliforniaFIRST Program is a Property Assessed Clean Energy (PACE) financing program for residential and commercial properties. Administered by Renewable Funding, a national clean energy finance company, CaliforniaFIRST allows property owners to finance the installation of energy and water improvements on homes or businesses through the issuance of a municipal bond, which can then be paid back as a line item on their property tax bill. CaliforniaFIRST financing doesn’t rely on a credit score and does not require any money down, opening the program to a wide range of Californians.

The CaliforniaFIRST program is a program of the California Statewide Communities Development Authority (CSCDA), a joint powers authority co-sponsored by the California State Association of Counties and the League of California Cities. For more information for property owners, click here. For basic program terms, click here.

Click here to see the list of participating communities.

Contact California First: Email:, Phone:  (844) 589-7953. Website:

Energy Efficient Equity
Visit for more information.
Figtree PACE Financing

Figtree Financing Logo_CMYKFigtree Financing is a full service PACE Financing provider for property owners including quoting, application processing, and funding. Figtree PACE allows up to 20% of a property’s value to be financed for energy efficiency, renewable energy, and water conservation upgrades. The financing creates an assessment lien on the property and is repaid as semi-annual installments on the property tax bill.

Figtree PACE provides 100% financing for HVAC, Roofing, Solar, Windows, Lighting, and other energy efficiency and water conservation upgrades for commercial properties. The financing is no money down, fixed low interest rate, and long term up to 20 years. Qualifying for the financing is based on the property not business credit.

All commercial property types are eligible including office, industrial, retail, hotel, agriculture, and multi-family residential. The minimum allowable project size is $5,000 with no maximum. Eligible improvements include solar, HVAC, boilers & chillers, lighting, building controls, windows, cool roofing, water-efficiency plumbing, and hundreds of other improvement types.

Figtree is not currently accepting applications for residential properties pending clarification of Federal Housing and Finance Agency concerns pertaining to lien status.

Program Documents: Commercial PACE ApplicationCommercial PACE BrochureCommercial PACE Disclosure.

There is a list of municipalities eligible for commercial financing.

Contact Information: Website:

Green Finance San Francisco


GreenFinanceSF – Commercial officially launched on October 13, 2011 using the “open market” PACE model in which property owners negotiate project financing, including the interest rate and repayment term, with qualified project lenders willing to fund their project.  When a project is approved, the City sells a bond to the project lender, and the proceeds from the sale fund the project.  A special tax is then levied on the property, which is collected through the property tax bill and paid back to the project lender.  Other key features of PACE are that it provides for the option of longer amortizations than typical commercial loans, and the payment obligation can run with the property, not the owner.  The Program will assist in facilitating introductions between interested owners and qualified lenders.

“GreenFinanceSF-Commercial is the next big step forward in San Francisco’s efforts to dramatically reduce energy use and carbon emissions,” said San Francisco Mayor Edwin Lee. “We are excited about the potential to unlock an enormous amount of private investment – from a wide range of sources – and create thousands of local construction jobs. As of today, we are open for business.”  “This program will save property owners money, add property value, and put people to work” said Supervisor Eric Mar, who co-sponsored the legislation allowing for the creation of PACE programs in San Francisco.

Green Finance Program DocumentsGFSF Two Page Program Overview 11-14-11GFSF Program Handbook 11-17-11GFSF Request for Applications 11-16-11GFSF Initial Application Form 11-16-11GFSF Form of Lender Consent (non-residential)GFSF Form Property Owner Unanimous Approval (non-residential)GFSF Fiscal Agent AgreementGFSF Form Bond Purchase Agreement. Website:

HERO Program

HERO Logo_Tagline1_Size1[1]The HERO Program is the most widely adopted Residential PACE Program in the U.S., accounting for 90% of all projects.  The program is offered in over 350 cities, has financed over $1 billion in energy and water saving improvements with 9 out of 10 customers saying they’d recommend HERO to a friend.  HERO offers homeowners additional consumer protection benefits including extensive contractor training, fair-price monitoring, experienced customer service reps, and dispute resolution assistance to resolve any consumer complaints.  The HERO Program benefits homeowners, the environment, and the community. Contact information:

Los Angeles County Commercial PACE Program

Property Assessed Clean Energy (PACE) financing is a new option available to Los Angeles County commercial, industrial and multi-family property owners to fund improvements that are proven to save water or energy or to create renewable energy onsite. Unlike a traditional loan, the financing is paid back twice a year through an assessment on the property taxes. In Los Angeles County, the property owner can choose their own PACE project financier and negotiate their own rate and terms.  Because PACE investors are fully secured through a voluntary contractual assessment, PACE investors have the security to offer financing at lower rates and over longer periods of time than has been possible until now. Property owners benefit from no upfront out-of-pocket costs, as PACE financing allows projects to be amortized over a longer period of time so they can be “cash-flow positive” from day one.

This program is also part of Energy Upgrade California, a state-wide initiative to reduce energy consumption in existing buildings.

Program DocumentsFact Sheet, Technical Fact SheetEligible Cities. Contact Information: Website:


mPowerMoney for Property Owner Water and Energy Efficiency Retrofitting (mPOWER) provides a no money down, 6% fixed-rate financing for residential, commercial, industrial, agricultural and multifamily property owners who want to install energy efficiency, water conservation or renewable energy retrofits. The amount financed must be at least $2,500 and has repayment periods of 5, 10, 15 or 20 years, based on the life of the improvement.

The program was launched in 2010 and is open to the cities of Folsom, Granite Bay, Roseville, Rocklin, Auburn, Lincoln, Loomis, Newcastle, Penryn, Colfax and all other unincorporated areas of Placer County. mPOWER works in partnership with all of the County and City utility providers to help customers take advantage of available rebates and incentives. mPOWER has a long list of eligible energy and water efficiency improvements, many of which qualify for utility company rebates. However, since there’s no one-size-fits-all category, a customized system may also qualify.

mPOWER prides itself on exceptional customer service and employs specialists that have combined experience of 40+ years in building planning and construction.  They are available to property owners to answer questions and offer experienced guidance in the selection of retrofit projects.

mPOWERhas funded over 9 million dollars in projects, representing 282 residential properties, 9 nonresidential properties.

mPower Program Documents:ApplicationContractor BidEligible ImprovementsLender Information and AcknowledgementFee Schedule Assessment ContractAssignment of Rights to Receive FinancingRequest for Disbursement. Contact Information: Website: Phone: 1.877.396.7693

PACE Funding

pacefundingPACE Funding™ is full service financing provider for property owners including quoting, application processing and funding. PACE Funding operates through a statewide municipal platform which allows up to 15% of a property’s value to be financed for energy efficiency, renewable energy, seismic improvements and water conservation upgrades. The financing creates an assessment lien on the property and is repaid as semi-annual installments on the property tax bill. We are the first PACE program to partner with a US federally chartered, consumer lending bank with thousands of trained contractors throughout the country. Our program offers rigorous consumer and regulatory safeguards as well as a world class customer service call center. PACE Funding provides 100% financing for solar, HVAC, roofing, windows and door, lighting, and numerous other energy efficiency equipment, seismic improvements and water conservation upgrades primarily for residential properties. Our financing is no money down, fixed low interest rate for terms of up to 25 years.

Website: Contact: Phone: 1 844 USE PACE

Samas PACE

Samas Capital operates a commercial PACE program in many cities and counties throughout California. More information coming soon.


Sonoma County Energy Independence Program

EIP_Logo_Final_COn March 25, 2009, Sonoma County’s Board of Supervisors authorized and launched its PACE program, called the Sonoma County Energy Independence Program (SCEIP). SCEIP was the first countywide municipal program of its kind in the State of California to provide PACE financing, and currently remains one of the largest programs in the nation providing both residential and commercial PACE financing.

Sonoma County and each of its incorporated cities and towns (collectively the “Cities”) have established a goal to reduce their greenhouse gas emissions 25 percent below 1990 levels by 2015. The County, the Cities, the Sonoma County Water Agency, the Sonoma County Transportation Authority and the Sonoma County Agricultural Preservation and Open Space District are members of the Regional Climate Protection Coordination Plan (“RCPCP”) with the goal of coordinating efforts to reduce countywide GHG emissions.  In 2008, these collaborating agencies viewed the opportunity provided by California state-enabling legislation to form a PACE assessment program as a significant tool in helping Sonoma County and its cities reach their aggressive GHG emissions reduction targets.

Joined by every incorporated city and town, SCEIP covers all areas in the geographic County of Sonoma.  Since program launch, SCEIP has financed over $70 million in projects, representing over 2100 residential properties, 60 non-residential properties and 3600 individual improvements. Because a majority of the improvements have been performed by local contractors, most of the $65 million in funding provided by the County has remained within the local community generating over 80 job-years of local labor.

SCEIP allows more than 90 eligible measures for energy efficiency, water conservation and renewable generation.  Since program launch, SCEIP has financed over 9.9MW of photovoltaic solar generation, equating to a GHG reduction of 8,600 tons annually.  An effort to quantify the energy savings and GHG reduction for financed energy efficiency and water conservation projects is currently underway.

Program DocumentsReplication Guidance for Local GovernmentsSCEIP Resolution 5SCEIP Resolution 4Assessment Contract SingleAssessment Contract MultipleAssessment Implementation Agreement SingleAssessment Implementation Agreement MultipleApproval of SCEIP bond documents for the Sonoma Mountain Village Photovoltaic ProjectCounty Board Resolution on PACE Interest Rate.

 Contact Information: Website:

Ygrene Works

Ygrene provides special financing known as Property Assessed Clean Energy (P.A.C.E.) which allows you to finance improvements to your property by putting the financed amount on your property tax bill.  Ygrene offers our program in partnership with your local city or county government.  The partnership enables the program to provide low cost financing over long terms with zero money out of your pocket.   With Ygrene, you will save energy and money and your city gets to reduce greenhouse gas emissions.  For more information, visit
To see if Ygrene operates in your community, visit


Colorado has enacted PACE enabling legislation and there is one active program.

Colorado C-PACE

Colorado C-PACE offers property owners a new tool to finance energy efficiency, water-conservation and renewable energy c-pace-new-logoprojects. PACE financing is currently available in Boulder County. The program provides commercial property owners a unique mechanism to finance energy efficiency, renewable energy, and water-conservation improvements. The C-PACE program offers commercial property owners the opportunity to spread energy and water project costs over a term of up to 20 years, and repay them through an assessment on their property tax bill, with no upfront capital outlay.

Sustainable Real Estate Solutions, Inc. (“SRS”) has responsibility for C-PACE program administration.


Connecticut has enacted PACE enabling legislation and there is an active statewide commercial PACE program.


C-PACE_Logo_RGBOn June 12th, the Connecticut legislature approved a revised PACE statute, allowing the State’s newly formed “Green Bank”, previously the Clean Energy Finance and Investment Authority (CEFIA), to offer property assessed clean energy financing and program services to municipalities and commercial property owners throughout the state.  The revised statute restores senior lien status to PACE assessments, and gained the support of bankers and mortgage lenders in the state, by making them part of the project approval process.

Connecticut’s approach to C-PACE is exciting because the Green Bank plays a central role in developing statewide program standards and guidelines that municipalities will agree to follow when joining. The Green Bank is also empowered by the legislation to provide financing for projects.

All properties located within the boundaries of a municipality that has adopted a resolution joining the C-PACE program are eligible.

Program measures are designed to ensure that energy efficiency and renewable energy projects help property owners and local governments achieve their goals of saving costs, safeguarding the environment, and creating jobs. Please refer to the list of eligible improvements.

The Green Bank has developed a list of pre-approved capital providers (building owners are also free to use their own capital provider). This list could be viewed here.

Connecticut PACE program is open for business, if you have any questions, please contact the Green Bank.

Program Materials:  CT PACE legislationCEFIA’s legal agreement with a municipalityConnecticut PACE Handbook.

Contact Information: Website:

District of Columbia

D.C. has enacted PACE enabling legislation and there is an active PACE program in place.

D.C. PACE Commercial

dcpaceurbanDC’s Commercial PACE Financing is a comprehensive financing solution for energy and water saving building improvements.  DC PACE can finance 100% of project costs, including design, engineering and legal fees, with no out-of-pocket payments.  Savings on utility bills exceed the cost of PACE payments, making projects cash flow positive on day one. PACE is available at terms of 20 years or longer for commercial and multifamily properties in the District. The DC PACE program is privately administered by Urban Ingenuity on behalf of the District’s Department of Energy and Environment (DOEE). Urban Ingenuity (UI) provides innovative solutions to develop and finance advanced energy projects, building retrofits, and state of the art clean energy infrastructure.  UI has been the PACE program administrator on behalf of the DC for the past three years, where they have built the DC PACE program from initial policy conception to scaled implementation. They have developed clean energy projects throughout the DMV region and have created a number of best practices in the marketing, underwriting and processing of PACE assessments, and in adapting PACE policies to work with non-profit clients, affordable housing, district energy systems, and other complex and hard to serve projects. Urban Ingenuity is committed to building a vibrant and open PACE market in the DMV that can seamlessly serve all building owners across the region. Contact DC PACE: Email –, Phone: (202) 681-5760, Website:   DC PACE Resources: DC PACE Flyer; Amended Energy Efficiency Financing Act of 2010


Florida has enacted PACE enabling legislation and there are several active programs with others in development.

Clean Energy Works

ygreneYgrene Energy Funds announcement with Carbon War Room last fall of a program centered initially in South Florida has led to the formation of the Clean Energy Green Corridor District. Initiated by the Town of Cutler Bay, the District to date includes Miami, South Miami, Pinecrest, Palmetto Bay, and Miami Shores, communities that total about 650,000 people. The Green Corridor District plans to offer both commercial and residential PACE financing, though only commercial projects will be permitted in the City of Miami.

Ygrene Energy Fund Florida, a subsidiary of the California based leader in PACE program development, will administer the program, using its turnkey approach that provides administration, financing, contracting, and a range of assurances and performance guarantees to participating governments. According to Ygrene’s John Wakefield, the implementation process has been launched with initial project finance and property improvements expected this fall for likely completion in early 2013. Ygrene reports that it has secured funding through Barclays and is working to develop potential funding from other lenders capable of warehousing assessments.

In Miami-Dade, Ygrene uses a comprehensive marketing strategy that involves broad outreach to local stakeholders through workshops, newsletters, and presentations. As John Wakefield informs us, in every clean energy district Ygrene establishes an Energy Center to showcase new equipment and technology, offer assistance and resources to local property owners, and undertake contractor recruitment, training and certification. Building on the experience of the Sonoma County Energy Independence program, Ygrene developed its direct advertising efforts consisting of media ads, direct mailing, and community events to better reach local property owners. Overall, Ygrene puts emphasis on creating localized programs at a District level.

As for energy audits, Green Corridor uses home evaluation software tool to prioritize improvements and calculate the SIR (savings to investment ratio). Water conservation and wind hazard abatement projects could be offered to Green Corridor participating municipalities that choose to include these measures when they join. Green Corridor will not require consent from existing mortgage lenders, relying on Florida’s enabling statute requirements for notice only.


Florida PACE Funding Agency Program

PACE florida funding agencyThe Florida PACE Funding Agency (Agency) garnered plenty of attention when it received statewide judicial bond validation for up to $2 billion. Kissimmee and Flagler County are the original incorporators of the Agency to which other local governments may “subscribe” through a simple Interlocal agreement. Under authority established by Section 163.01, Florida Statutes, the Agency provides Florida municipalities a no risk, no cost, turn-key PACE solution.

The Agency:

Is a special purpose local government subject to Sunshine Law; Is governed by elected officials who understand what’s important to local governments; Is already judicially validated statewide to issue up $2 billion of bonds; Has $200 million of immediately available financing; Is able to immediately commence its turn-key PACE program upon signing of an Interlocal agreement with the Agency; Assures local governments that there is no cost or liability through its judicial validation; Is an open model allowing Counties to have multiple PACE Program providers for purposes of expanded program options for Property Owners and for price control; Provides financing for both residential and commercial property owners, and Complies with statutory lender notification and does not require lender consent.

Leidos (formerly SAIC Energy, Environment & Infrastructure LLC) was selected through competitive procurement to be the Agency’s Third Party Administrator. The Agency completed its first financing commitment of $200 million in March, 2014.  The $200 million is immediately available to fund qualifying improvements in subscribed local governments.  The Florida PACE Funding Agency has now subscribed the following Counties: Flagler, Nassau, Gadsden, Jefferson, Gulf, Walton and Clay; and Cities: Kissimmee and Tamarac.

The judgment of the Florida Circuit Court of Leon County on validation is binding on all parties in Florida, and it provides a judicial finality to the question of whether a local government has the authority to impose its PACE assessments. Judicial validation also ensures protection from all program liability to subscribing local governments.

The $2 billion funding target may be achieved if just five percent (5%) of 20-year-old residential and commercial buildings in the state participate in the program at an average improvement amount of $15,000. Validation of the Florida PACE Funding Agency’s program does not extend to the Green Corridor or Florida Green Energy Works programs, which will have to seek validation of their individual programs. The Agency offers PACE financing for qualifying energy efficiency, renewable generation and wind resistance improvements to both residential and commercial properties. The Agency will base its requirements on Florida law that does not require consent from existing mortgage lenders for projects that represent less than 20% of the property’s Just Market Value (Florida law does require consent for projects in excess of 20%). The Agency will follow Florida Statutes (s. 163.08) and provide a 30-day notice to existing lenders in order to accommodate adjustment of monthly property tax/insurance/escrow payments.

The Agency will encourage interested property owners to obtain an energy audit through authorized energy auditors, but an energy audit is not required. Each project is validated by the Third Party Administrator to ensure project costs and savings estimates are reasonable.

Contact Person: For more information, please contact Jonathan Schaefer, Program Manager with Leidos Engineering, Third Party Administrator for the Florida PACE Funding Agency via email:

Contact Information: Website:

Green Energy Works Program

Green-energy-worksFlorida Green Energy Works is administered by EcoCity Partners, L3C, a Florida low profit, limited liability corporation. The Towns of Lantana and Mangonia Park, both in Palm Beach County, recently joined to incorporate the Florida Green Finance Authority, the “separate legal entity” which any municipality or local government in Florida can join by interlocal agreement to scale the consortium. the program has launched and the website is accepting electronic applications in participating municipalities. Florida Green Energy Works is focused on commercial PACE. While the program is equipped to offer both residential and commercial financing, at this point, residential funding is not being offered, due to the uncertainty created by the FHFA.

The program uses the “owner-arranged/open market” funding model and requires commercial property owners to provide notice and receive consent for the PACE assessment from their existing mortgage lender. When consent is obtained for a project, any market-based financing could be obtained. In other words, property owners can use any lender/ funding source, which open market advocates believe will induce competition and ultimately result in a lower interest rates and closing costs. EcoCity Partners is working with property owners and providers of funding to match the need with supply. The program expects to conclude its bond validation process by the end of the year.

Wind hazard abatement and water efficiency measures are an integral component of the program that will be available for local governments joining Florida Green Energy Works Program. Erin Deady, a lawyer active in developing Florida Green Energy Works and working with Leon County on the FHFA federal litigation, identifies the significant amount of data showing the linkage between water and energy efficiency improvements as justification for using PACE.

Florida Green Energy Works requires an energy savings audit completed by a qualified energy auditor or a certified building energy rater. At a minimum, this audit will include the following information:

Recommendations for energy savings measures; Estimated energy savings and a priority ranking for each measure; Estimated renewable energy to be produced; Estimated greenhouse gas reductions; and Estimated cost savings resulting from the implementation of the recommendations and use of funds made available by the District. A web based platform will collect and make data related to projects’ energy savings and environmental impacts (carbon reductions) readily available to the public.

Contact Information: Mike Wallander Phone 818-527-6511 Email: for more information. Website:

Leon County Commercial PACE program

Leon County created Leon County Energy Improvement District in April, 2012 by passing an ordinance at the meetings of Board of County Commissioners. Leon County held a Board meeting on October 23, 2012 to determine whether the County is moving forward with RFP for a third-party administrator. Program Documents: Leon County Board of Commissioners Agenda, December 23, 2012.

Solar Energy Loan Fund (SELF)


Solar Energy Loan Fund or SELF is a certified Community Development Financial Institution (CDFI) and a national award-winning non-profit, 501(c) (3) corporation. SELF administers St. Lucie County’s Commercial PACE program. To date, the County has completed all of the necessary approvals for the PACE program. SELF also partnered with the Florida Green Energy Works program to establish additional Commercial PACE programs in the state.

Program Documents: SELF Program Handbook, SELF PACE Application. Contact Information: Doug Coward, Executive Director Phone: (772) 468-1818 Website:


Georgia has enacted PACE enabling legislation and there is a PACE program in development.

Clean Energy Atlanta program (in development)

brochure-logo-ceaA PACE program in Atlanta, Georgia is being spearheaded by Ygrene Energy Fund. In October 2012, Invest Atlanta, the Economic Development Authority for the City of Atlanta, decided to go forward with Ygrene’s Clean Energy Atlanta program.

Clean Energy Atlanta, managed and funded by Ygrene, will provide 100% financing to commercial property owners for renewable energy and energy efficiency improvements. Financing is repayable over the long term via property taxes, making projects affordable – an innovative tool that allows you to add value to your home or business with no upfront costs.

According to Ygrene, Clean Energy Atlanta can create 2,800 new jobs, generate $480 million in economic activity, and achieve tremendous reductions in carbon dioxide that contributes to global warming. Ygrene sets up a fully-funded, turnkey clean energy programs.

Any energy-saving or renewable energy-producing improvement that is permanently affixed to the property is eligible for funding through PACE. Eligible project groups include energy efficiency retrofits, water conservation measures, and renewable energy generation systems.

Clean Energy Atlanta is set to launch in 2016.


Illinois has enacted PACE enabling legislation and there is currently no program in development.


Kentucky has enacted PACE enabling legislation and there is an active program.


Screen Shot 2016-02-23 at 3.01.31 PM copyKY-PACE is a new program available to commercial, industrial, and multi-family building owners across the Commonwealth. PACE (Property Assessed Clean Energy) provides access to low-cost, extended term capital to finance energy efficiency and water efficiency improvements.

KY-PACE is the implementation of a new state law commonly called EPAD, that was adopted in 2015 (KRS 65.205), and allows a property owner to finance energy and water saving improvements through a voluntary assessment on the property.

For more information, visit


Maine has enacted subordinate residential PACE-enabling legislation but there are currently no active programs.


Maryland has enacted PACE enabling legislation and there is an active  PACE program.


MD-PACE is a statewide partnership between PACE Financial Servicing and the Maryland Clean Energy Center to provide a Property Assessed Clean Energy (PACE) program. Maryland passed PACE-enabling legislation in 2014.  MD-PACE works with counties and municipalities to pass local ordinances to take advantage of PACE.  Through the program, PACE Financial Servicing will provide turnkey, standardized administration of PACE throughout the state, and servicing of PACE financing. For more information, visit


Michigan has enacted PACE enabling legislation and there are two active PACE programs.

Ann Arbor’s PACE Program

a2The City of Ann Arbor created an energy assessment district under Michigan PACE law (Act 270, 2010). Clean Energy Coalition (non-profit) along with the City staff is administering the program. The program has launched and applications from commercial property owners are being accepted. Minimum project size is $10,000, with a maximum being $350,000. Financing will be done through pooling the assessments and issuing a bond once the amount reaches $1 mill. The interest rate is expected to be less than 5%. The City is contemplating private placement or general bond market. Loan Loss Reserve fund was established as a buffer for missed payments; the fund contains $393,000 (approximately 10 to 1 ratio). Energy audit is required to participate in the program (ASHRAE Level II and III). There are 7 pre-qualified auditors. The energy consumption will be tracked by collecting energy bills. Ann Arbor’s PACE program instituted a pre-screening process that is meant to determine whether it makes sense for a certain property owner to apply for financing. During this process energy spending, loan –to-value ratio, and lender’s preliminal consent are determined. Such procedure came out of discussions with local and regional banks at the onset of the program. Program costs are as follows: $300 review & application, $230 title search, and $13 annual fee. The program has gotten a lot of attention in Ann Arbor partly due to McKinley Property Management’s involvement. McKinley’s owner is a PACE supporter and 5 McKinley’s properties applied for financing. Project Documents: PACE Brochure, PACE Application Packet, PACE Report. Contact Information: Website:

Lean and Green Michigan

leanandgreenMichigan Lean & Green is a state-wide PACE program, structured to allow every municipality to join after holding a public hearing and passing a resolution of intent and adoption. To date, Lean & Green Michigan covers seven jurisdictions and is growing fast.

Click here to see the list of participating counties and cities.

Lean & Green is actively talking to municipalities and building owners across the state. The outreach efforts are systematic and driven by Lean & Green Michigan and supported by the Michigan Economic Development Corporation, The City of Southfield, a number of energy contractors, and ESCOs. Lean & Green staff has held a number of meetings with government officials, lenders, building owners, and energy contractors.

Lean & Green Michigan allows municipalities to create a PACE district at no cost, with no need for new government staff or lengthy RFP processes, with access to private capital — and to do all of this cooperatively with other counties, cities and townships, building the regional economy. To create a PACE district with Lean & Green Michigan, a municipality simply votes to join by passing a local ordinance. There’s no need to hire or train additional staff or go through lengthy RFP processes. What is more, Lean & Green Michigan can be tailored to incorporate the particular needs of each municipality.

Lean & Green is open to a wide range of property types: very large manufacturing companies, industrial companies, smaller companies, apartment complexes, downtown businesses, office building, and data centers.

The program is requiring lender consent. Lean & Green financing model is termed open-market or owner-arranged. Lean & Green with match property owners with financial institutions. The minimum size of the project is $10,000 and there is no maximum size yet.

There is no blanket audit requirement for participating properties, instead, the necessary audit will be determined on a case by case basis.

Michigan’s largest law firm and most experienced public finance counsel, Miller Canfield, serves as PACE counsel to municipalities that join Lean & Green Michigan™ with no charge to establish the PACE district. Legal fees, along with the cost of running Lean & Green Michigan™, are incorporated into the financing of each PACE project.  By joining Lean & Green Michigan™, municipalities allow their constituent property owners to gain access to banks and other sources of private capital that are part of the Lean & Green team. Lean & Green Michigan™ represents the best kind of “shared services.” Counties, cities and townships give up nothing, but by working together they create one statewide set of efficient and flexible PACE rules that really work for business, create the kind of common market that larger companies with multiple facilities need, save money, and avoid duplication and a blizzard of conflicting rules from place to place.

Click here to view eligible projects.

Program Documents: Presentation on PACE, PACE ReportCity of Southfield Proposed PACE Program.  Contact Information: Andrew Levin, Levin Energy Partners Email: Website:


Minnesota has enacted PACE enabling legislation and there are several PACE programs in place.

Minnesota Edina Emerald Energy Program

A project was financed in Edina, Minnesota using PACE mechanism. Minnesota passed PACE enabling legislation in April 2010. Edina’s effort to put a program in place was also supported by the City’s Energy Commission, the Minnesota Pollution Control Agency, the Minnesota Solar Energy Industries Association, and the Minnesota Department of Commerce. The total cost of implementing the program was just $11,400. Today Edina’s Emerald Energy Program can fund any qualifying commercial or industrial property in the City.  In order to participate, the project cost must exceed $2,500, the property must undergo an energy audit or an evaluation, and the property owner must be current on all property taxes. The application period takes less than 15 business days.  To learn more about PACE deal in Edina, read our newsletter. Program Documents: Administrative Guidelines, Financing Flowchart, Financing Summary, Application, Bond Purchase Agreement, Bond Resolution, Eligible Improvements List. Contact Information: Scott Neal, City Manager Phone: 952-826-0401 E-mail:

Southwest Regional Development Commission

Southwest-regional-commissionPACE is a financing tool used to assist businesses (including agri-business) and non-profits (including churches) with improvements that substantially increase energy efficiency. PACE allows property owners to make these fixture improvements without the up-front capital outlay. Costs for the improvements are paid back through a special assessment on their taxes. The increase in property taxes is offset by the decrease in energy costs so that the property owner sees no change in the bottom line.

The key points to note:

  • Total loan amount is tied to property value (20% of the EMV)
  • Loan size ranges from $5,000-100,000 (no match requirement).  Loan size cannot be greater than 20% of the property’s assessed value.
  • Loan amount based on projected energy savings (determined by an energy audit)
  • Must be a 1:1 savings ratio (meaning—the business sees no change in net operating costs or better yet—a reduction in operating costs!)
  • Must be located in the Rural Minnesota Energy Board region (18 counties)
  • 1% origination fee
  • 4% minimum interest rate

Feel free to SHARE the brochure. Contact information: please email or call Robin Weis, the Economic Development Director of the Southwest Regional Development Commission at 507-836-1638.

Minnesota PACE program

mnpace_logo1PACE of MN financing is available in any city or county across the state.

PACE financing is now available across the state of Minnesota, thanks to more than two years of work by Eutectics, the St. Paul Port Authority, the Minnesota Department of Commerce, Bremer Bank and others.

Through a streamlined process, any city or county can join PACE of MN through a Joint Powers Agreement with the St. Paul Port Authority. After the City Council or County Board approval of the Joint Powers Agreement, the St. Paul Port Authority will provide a turnkey service as the PACE Administrator.

Eutectics initiated this new PACE structure for Minnesota to remove most of the barriers to implementing PACE projects all across the state. With nearly one thousand hours invested in pro bono consulting services to build the statewide platform, we are delighted to be working with the St. Paul Port Authority to fund eligible energy efficiency and renewable energy projects for owners ranging from large industrial facilities to very small businesses – and every size in between.

PACE of MN is a financing tool that allows property owners to access competitive private financing through a partnership with local governments and the St. Paul Port Authority. Building owners who use PACE financing for their energy improvements pay back the financing through property taxes, as a voluntary special assessment.

Contact information: 612.353.5760 or to get started on your PACE project today.


Missouri has enacted PACE enabling legislation and there are three active PACE programs.

Missouri Clean Energy District Program

MocefMissouri Clean Energy District program is launched and open for business. It is a statewide commercial PACE program capable of enrolling every municipality in the state. Missouri Clean Energy Funding LLC, program administrator, and is actively working on getting municipalities to join the program. To date, the following municipalities have joined the program, namely: Branson (Taney County), Charlack (St. Louis County), Cole County, Cooper County, Ferguson (St. Louis County), Galena, Hazelwood (St. Louis County), Hollister (Taney County), Jefferson City (Cole County), Nixa, Olivette (St. Louis County), Ozark and Ozark County, Taney County, and Warrensburg ( Johnson County), West Plains. The process of joining is simple and it does not involve a public hearing since there are no public funds involved. Once a municipality passed an ordinance, it officially joins the Clean Energy Development Board, which has the authority to levy assessments on properties. Property taxes are collected in a single installment on December 31st in Missouri. Financing for the program will be provided through a warehouse model – local and regional banks will offer a line of credit and a separate loan loss reserve fund amounting to 10% of assessments. Bonds will be issued once project reach roughly $5 million. The interest rate is expected to fall between 6.5 and 6.75 percent. The program will acquire lender consent for each project. Minimum size of the project is $5,000, while there is no maximum amount. Some major project eligibility requirements are: • Property must be physically located within the Clean Energy Development Board’s financing district • Must be current on property taxes for the last 3 years with no involuntary liens • The applicant may not request more than 15% of the Assessor’s appraised value of the property • Commercial properties must have a min. 50% occupied or may be appealed to the CEDB for approval • Term will not exceed useful life of improvements or maximum of ten years. For more details, please check out Project Underwriting Guidelines. As the Program Handbook illustrates, there is not a list of specific program requirements, but proposed improvements must be: • Only permanently fixed, new Improvements are eligible for Program financing • They must provide an economic benefit equal to or greater than the cost of the assessments. • They must be installed by a contractor or vender approved by the Board. • The economic benefit of the improvements must be verified by an approved energy auditor, professional engineer or, in certain cases, by documentation provided by the manufacturer. According to Missouri PACE statue (House Bill 1692), “the estimated economic benefit expected from the project during the financing period is equal to or greater than the cost of the project.” Therefore, program staff is going to use the list of state approved auditors and professional engineers to sign off on the projects. As for the outreach efforts, the Missouri Clean Energy District program engaged a lobbying firm, Renew Missouri, and business development program at the University of Missouri to help market the program to municipalities and property owners. Program Documents:  Missouri – PACE Best Practices – Implementing PACE in Missouri, Program Handbook, Underwriting Guidelines, Application. Contact Information: David Pickerill, Principal at MoCEF Phone: (866) 554-4083 Email: Website:

Set the PACE St. Louis

St LouisThe City of St. Louis launched an innovative method for property owners to finance clean energy and energy efficiency improvements for their homes or businesses. As part of the City’s sustainability efforts, the Set the PACE St. Louis program enables residential and commercial property owners to finance energy efficiency, water efficiency and renewable energy upgrades with a novel funding mechanism that offers distinct advantages over traditional loans. The program launched on July 2, 2013 and is actively accepting applications. Click here to apply. The three primary objectives of the Property Assessed Clean Energy (PACE) financing program are: (1) encourage energy efficiency in buildings to reduce greenhouse gas emissions, (2) reduce energy costs and promote utility savings for building owners, and (3) foster green jobs and boost local employment opportunities. Some of the many eligible projects include energy efficiency measures, high efficiency lighting, roofs, heating ventilation air conditioning (HVAC) upgrades and controls, boilers, furnaces and water heating systems, as well as renewable energy systems such as solar PV panels and fuel cells. In addition to low interest rates, PACE financing has distinct advantages over traditional loans: • PACE loan stays with the property upon sale, transferring to the new owner • Commercial property owners may pass payments through to tenants • Borrowing capacity is preserved through off-balance–sheet financing Program Documents: PACE Application, List of Eligible Projects, Program Launch Press Release, PACE Brochure, PACE Contractor Flyer. Contact Information: Website:

Show Me PACE

Additional information coming soon.

New Hampshire

New Hampshire has enacted C-PACE enabling legislation and there is an active PACE program.


The Jordan Institute and its program partners – Sustainable Real Estate Solutions, Resilient Buildings Group, and the NH Community Development Finance Authority – launched New Hampshire’s statewide C-PACE program in 2016. Launch of the program is supported by generous donors and foundations.

Program details/goals:

No Public Money
Unlike other states and jurisdictions that are running C-PACE programs, New Hampshire’s statewide program will be launched without public dollars – no tax dollars, no bonds, no ratepayer dollars, no State dollars. 

Consistent Program Throughout NH
C-PACE in NH is designed to have consistent guidelines and administration throughout the state. Building owners with properties in multiple towns, and contractors and capital providers serving multiple towns will all benefit from a consistent program. 

No Municipal Liability
The primary role for municipalities in NH C-PACE is limited to adopting the statute and billing/collection of C-PACE payments. The municipality is not responsible for program administration, project vetting and oversight, or responsibility for missed payments.

Mortgage Lenders Maintain A Senior Lien Position
In other states the C-PACE lien is senior to any mortgage on the property. In NH, a C-PACE lien is junior to a mortgage providing allowing for greater acceptance in the NH banking community. 


New Jersey

New Jersey has enacted PACE enabling legislation and there is a PACE program operating and one program in development.

Alliance NRG program

Picture1The AllianceNRG Program™ is a statewide residential and commercial PACE financing program administered by Leidos Engineering, a national environmental engineering and logistics firm, and CounterPointe Energy Solutions, a national PACE program administrator and clean energy finance company.  The AllianceNRG Program  allows property owners to finance the installation of energy and sustainability improvements to homes and businesses which can then be paid back on their property tax bill.

The AllianceNRG Program™ financing doesn’t rely on a credit score and does not require any money down, opening the program to a wide range of New Jersey residents. The AllianceNRG Program provides 100% financing for HVAC, roofing, solar, windows, lighting, and other energy efficiency upgrades for residential and commercial properties. The financing is no money down, has low fixed interest rates and long repayment terms up to 30 years. Qualifying for the financing is based on the property not FICO scores or business credit.

The AllianceNRG Program™ has been approved by the Passaic, Union, Hudson and Middlesex County Improvement Authorities.  For more information on the AllianceNRG Program™ click here.



Contact us:

Phone:  (855) 431-4400.

NJ PACE (in development)

Like other states, New Jersey now allows municipalities to establish PACE funding programs to finance conservation and clean energy improvements for private property owners. The programs may cover both residential and commercial properties, but owing to federal mortgage policies only commercial properties can be easily covered at this time. Municipalities have wide latitude to cover a range of improvements. The key element of the programs is that repayment is made through a special assessment that is paid along with regular property taxes. This minimizes the risk to lenders and investors. Both the improvements and the payments are transferred if the property is sold, thereby also limiting the liability of the current owner. Program Documents: NJ PACE Program Overview, New Jersey PACE Program for MunicipalitiesNew Jersey PACE Program for Energy ContractorsNew Jersey PACE Program – Socio-Economic Benefits. Contact Information: Jonathan Cloud, New Jersey PACE 8 Revere Drive, Basking Ridge, NJ 07920 Office Phone: 908-396-6179 Cell: 908-581-8418 Fax: 908-842-0422 Email: Website:

New Mexico

New Mexico has enacted PACE enabling legislation but there is currently no program in development.

New York

New York has enacted PACE enabling legislation and there is an active PACE program.

Energize New York Finance
Energize NY Finance, no background-11The Energy Improvement Corporation (EIC) is a Local Development corporation, which is a New York State not-for-profit, established specifically to increase the demand for energy efficiency and renewable energy building upgrades. With a growing member base of member municipalities, EIC offers the Energize NY Finance Program which is New York State’s Property Assessed Clean Energy (PACE)  finance program. PACE financing is made available to eligible Property Owners in order to provide attractive financing for property improvements that lower energy consumption. In addition, EIC offers the Energize NY Commercial and Residential Programs to assist property owners through the energy upgrade process.
Approval of the first group of Energize NY “Qualified Contractors” in January, 2014, prompted John B. Rhodes, President and CEO, of NYSERDA, to announce, “Energize NY’s PACE financing product creates an exciting new opportunity for NYSERDA’s Multifamily Performance Program and the services offered to customers through our Multifamily Performance Partners. It will help New York State stimulate the growth of the clean energy economy, which Governor Cuomo has cited as a priority.”


Find all resources on the Energize NY website, including the Pre-Application, a handbook, FAQs, and information a special incentive program for affordable housing in Westchester County.

Contact Information: Phone: (914) 302-7300 Website:


Ohio has enacted PACE enabling legislation and several active PACE programs.

Greater Cincinnati Energy Alliance

GCPACE_logo_PACEnow_webThe Greater Cincinnati Energy Alliance (Energy Alliance) is a nonprofit organization dedicated to creating energy-related economic development programs to support energy efficiency and renewable energy projects. The Energy Alliance, in partnership with the Port of Greater Cincinnati Development Authority, is working with communities throughout Southwest Ohio to implement PACE programs. Commercial property owners across the region have indicated an interest in PACE and a pipeline of projects is in development. Additional information can be found by visiting

Toledo-Lucas County Port Authority/BetterBuildings Challenge



Building owners can save on energy costs while increasing the value of their investment by participating in BetterBuildings Northwest Ohio, a program of the Toledo-Lucas County Port Authority. Through BetterBuildings, owners of virtually every type of building are eligible for fixed rate competitive financing to pay for 100% of the high-efficiency improvements to their buildings.

BB+TLCPA_logoProject financing: Completed 84 projects worth $18.0 million at an interest rate between 5 and 6 percent.

Types of projects financed: The program has funded a wide variety of buildings including commercial, municipal and not for profit. Many buildings may be experiencing issues with aging mechanicals, and PACE financing can be ideal as part of a capital stack in a deep retrofit. Properties that are fairly leveraged and already securitized are also candidates for PACE financing.

Jurisdictions covered: Started in Toledo. Ohio is working on legislation that would make it easier to govern larger geographical areas to the existing PACE district – instead of having each county set up its own district. Toledo is also providing guidance to other port authorities across Ohio.

Program structure: The program is administered by the Toledo-Lucas County Port Authority and was initially funded using grants under the American Reinvestment and Recovery Act (ARRA).

Financing model: The program follows a turnkey market, private placement pooling bond model and makes on-demand funding available in jurisdictions covered. The Port Authority created and maintains the NW Ohio Bond Fund and a revolving loan fund. The authority is able to aggregate projects using a combination of bond proceeds and its revolving loan fund. The authority financed over $30 million in energy efficiency projects, roughly $18 million of which were PACE projects.

Contact information:

Toledo-Lucas County Port Authority One Maritime Plaza Suite 701 Toledo, OH 43604-1866 Phone: 419.243.8251 Fax: 419.243.1835 eMail:

Columbus Region Energy Fund

The Columbus Region Energy Fund was established in Q1 2016 and is administered by the Columbus Franklin Finance Authority. For more information. visit


Oregon has enacted PACE enabling legislation and there is an active pilot program.


Multnomah County, the Portland Development Commission, and Energy Trust of Oregon are partnering in the creation of a Commercial Property Assessed Clean Energy program to serve Multnomah County. The Portland Development Commission will administer the CPACE program while the Energy Trust of Oregon provides technical resources. Multnomah County will provide overall program design support and file CPACE benefit assessment liens.

CPACE will be piloted over 24 months (September 2015 – 2017). During the pilot, the CPACE Partnership will develop the systems necessary to operate a CPACE program, and will develop several projects using CPACE financing. The pilot phase will also include the development and implementation of marketing, capitalization, equity, workforce, and contractor strategies.


Rhode Island

Utah has enacted PACE enabling legislation and there is an active program.


In 2016, the Rhode Island Infrastructure Bank launched the RI CPACE program and selected Sustainable Real Estate Solutions to administer the commercial program.

C-PACE enables owners of Eligible Commercial & Industrial Buildings to finance up to 100% of Energy Efficiency, Renewable Energy, Water Conservation, Environmental Health and Safety Eligible Improvements. Financing is provided by private Capital Providers at competitive rates with repayment terms consistent with the useful life of the improvements, generally up to 25 years.



Utah has enacted PACE enabling legislation and there is an active program.


CPACE_Logo_LowRes_RGB (1)Utah passed commercial PACE enabling legislation in March of 2013 and launched it’s statewide program in 2015 with the ribbon cutting of the Hunt Electric Headquarters C-PACE project in West Valley City.  Salt Lake City was the first municipality to join the statewide Utah C-PACE program which is being administered by the Utah Governor’s Office of Energy Development. For more information, visit the Utah C-PACE website here.

If you have questions, please contact Meghan Dutton ( at Utah Clean Energy or the Utah Governor’s Office of Energy Development at


Texas has enacted PACE enabling legislation and there is an active program.

Texas PACE Authority Program

Texas now has a live PACE program in Travis County, administered by the Texas PACE Authority.  The Texas PACE Authority was created by Keeping PACE in Texas (KPT),  a non-profit business association organized for the purpose of promoting Property Assessed Clean Energy (PACE) financing programs throughout the state of Texas.

To learn more and get started, please visit Texas PACE Authority’s webpage.


Vermont has enacted subordinate residential PACE-enabling legislation, but there are currently no active programs.


Virginia has enacted PACE-enabling legislation and there is a PACE program in development.


Wisconsin has enacted PACE enabling legislation and there is an active program.

Wisconsin Milwaukee Energy Efficiency (ME2)

Me² is a partnership between the Milwaukee Office of Environmental Sustainability, the U.S. Department of Energy, and the Wisconsin Focus on Energy program.  It offers financing for homeowners and commercial building owners to make energy efficiency projects affordable and economically compelling. PACE financing is available through the Me2 program, with funding provided by private lenders. Me² Success Story: The University Club was the first PACE project in the State of Wisconsin. The project reduced energy use by 30% at the property. Program Documents: Contact Information: Website:


Wyoming has enacted PACE enabling legislation, but there is currently no program in development

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