PACE Wisconsin
PACE Wisconsin authorizes municipalities and counties to work with private sector lenders to provide upfront financing to property owners for qualified projects. PACE Financing repayment is secured through a voluntary special charge repaid directly to the lender.
Legal authority for PACE in the State of Wisconsin
PACE financings are authorized in the State of Wisconsin pursuant to Section 66.0627(8), (the "PACE Statute"). The PACE Statute enables "political subdivisions" (counties, cities, towns, and villages) to impose a special charge on real property to secure loans made for energy efficiency, water conservation, and renewable energy improvements.
Wisconsin PACE Commission: A unified approach
Creating a PACE program from the ground up can be time consuming and resource-intensive. That’s why—with the support of the Wisconsin Counties Association, the League of Wisconsin Municipalities, and Green Tier Legacy Communities—Wisconsin local governments established the Wisconsin PACE Commission (the "Commission"), which offers an efficient and cost-effective option to collectively administer a uniform PACE program in Wisconsin entitled "PACE Wisconsin."
The Joint Exercise of Powers Agreement
Wisconsin counties and municipalities utilized their joint exercise of powers authority under Wisconsin Statute § 66.0301 to form the Commission. Under the terms of a Joint Exercise of Powers Agreement (the "JPA"), County members agree to adopt a Model PACE Ordinance (see below), and to delegate to the Commission the ability to impose PACE special charges according to a single, uniform PACE program operated in the Commission members' jurisdiction. Municipal members (cities, villages, and towns) join the Commission, participate in its governance, and agree to support the Commission.
The Model Ordinance
County members agree to adopt a Model PACE Ordinance as a condition of joining the Commission. Among other powers, this ordinance authorizes the County to impose a PACE special charge, collect payments for the special charge in installments, place those installments on the tax roll at its discretion, and delegate that authority to the Commission.
Each Member Community delegated to the PACE Commission the power to administer PACE Wisconsin in their jurisdictions. PACE Wisconsin is administered by the Program Administrator, who is responsible for handling day-to-day PACE Financing application reviews and approvals, as well as payment collections in certain Member Communities on behalf of the PACE Commission.
PACE Wisconsin is an efficient statewide solution to deliver the benefits of PACE Financing here in Wisconsin in a cost-effective manner. The program offers an open-market solution for building owners and promotes economic development in Wisconsin communities. The benefits of PACE Wisconsin are available to building owners located in member communities. Any Wisconsin local unit of government may elect to become members of the PACE Commission pursuant to the terms of the JPA.
Communities interested in participating in PACE Wisconsin should contact the Program Administrator at info@pacewi.org.
Legal authority for PACE in the State of Wisconsin
PACE financings are authorized in the State of Wisconsin pursuant to Section 66.0627(8), (the "PACE Statute"). The PACE Statute enables "political subdivisions" (counties, cities, towns, and villages) to impose a special charge on real property to secure loans made for energy efficiency, water conservation, and renewable energy improvements.
Wisconsin PACE Commission: A unified approach
Creating a PACE program from the ground up can be time consuming and resource-intensive. That’s why—with the support of the Wisconsin Counties Association, the League of Wisconsin Municipalities, and Green Tier Legacy Communities—Wisconsin local governments established the Wisconsin PACE Commission (the "Commission"), which offers an efficient and cost-effective option to collectively administer a uniform PACE program in Wisconsin entitled "PACE Wisconsin."
The Joint Exercise of Powers Agreement
Wisconsin counties and municipalities utilized their joint exercise of powers authority under Wisconsin Statute § 66.0301 to form the Commission. Under the terms of a Joint Exercise of Powers Agreement (the "JPA"), County members agree to adopt a Model PACE Ordinance (see below), and to delegate to the Commission the ability to impose PACE special charges according to a single, uniform PACE program operated in the Commission members' jurisdiction. Municipal members (cities, villages, and towns) join the Commission, participate in its governance, and agree to support the Commission.
The Model Ordinance
County members agree to adopt a Model PACE Ordinance as a condition of joining the Commission. Among other powers, this ordinance authorizes the County to impose a PACE special charge, collect payments for the special charge in installments, place those installments on the tax roll at its discretion, and delegate that authority to the Commission.
Each Member Community delegated to the PACE Commission the power to administer PACE Wisconsin in their jurisdictions. PACE Wisconsin is administered by the Program Administrator, who is responsible for handling day-to-day PACE Financing application reviews and approvals, as well as payment collections in certain Member Communities on behalf of the PACE Commission.
PACE Wisconsin is an efficient statewide solution to deliver the benefits of PACE Financing here in Wisconsin in a cost-effective manner. The program offers an open-market solution for building owners and promotes economic development in Wisconsin communities. The benefits of PACE Wisconsin are available to building owners located in member communities. Any Wisconsin local unit of government may elect to become members of the PACE Commission pursuant to the terms of the JPA.
Communities interested in participating in PACE Wisconsin should contact the Program Administrator at info@pacewi.org.
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