PACE (Property Assessed Clean Energy) is a simple and effective solution that BAM offers to finance energy efficiency, renewable energy, and water conservation upgrades to buildings. PACE can pay for new heating and cooling systems, lighting improvements, solar systems, water pumps, insulation, and more for almost any property – homes, commercial, industrial, non-profit, and agricultural.
Property owners across the US are using BAM and PACE financing because it saves them money and makes their buildings more valuable. PACE pays for 100% of a project’s costs and is repaid for up to 20 years with an assessment added to the property’s tax bill. PACE financing stays with the building upon sale and is easy to share with tenants. State and local governments sponsor PACE financing to create jobs, promote economic development, and protect the environment.
PACE overcomes challenges that have hindered adoption of energy efficiency and related projects in our nation’s buildings. PACE financing solves the upfront cost barrier by providing 100% financing for project costs. Long term repayment of up to 20 years makes longer payback projects immediately cash flow positive and buildings more valuable.
Almost any building is eligible for PACE financing, including homes, offices, multi-family, hotels, restaurants, shopping centers and other retail properties, non-profits, warehouses, garages, industrial, agriculture, etc.
Energy efficiency and energy generation improvements and, in some states, water conservation and hurricane hardening, all qualify for PACE financing. Some eligible improvements include: LED lighting, roofing, solar panels, insulation, HVAC (heating, ventilation, air conditioning), water conservation improvements, motors, etc.
Eligibility may vary by state and municipality.
Energy efficiency is the least expensive energy we can buy. Homeowners are using PACE to upgrade heating and air conditioning systems, and improve insulation and weather sealing. PACE in an effective financing tool because it:
Momentum is building across the U.S. for commercial PACE programs that drive energy efficiency, renewable energy, and in some places, water conservation measures. Real estate owners choose PACE financing because it:
Contact BAM for more information and to schedule a consultation: firstname.lastname@example.org | 480.580.5980