Frequently Asked Questions for Contractors
PACE Project improvements must reduce energy or water usage, or generate renewable power for the property.
Any contractor or project developer may work on a PACE Project, according to the requirements set forth in the Program Manual.
Yes, PACE Projects can qualify and receive additional rebates and incentives from Focus on Energy and other sources. PACE borrowers are encouraged to obtain all applicable government, utility provider or manufacturer rebates, and other upfront cost reductions to reduce the total project cost for purposes of calculating the amount of the PACE loan.
Required for projects over $250,000, a written guarantee from the contractor, project engineer, or a third part must cover a minimum of three years. It must provide that the party shall pay the property owner any shortfall between the guaranteed cash flow and the actual cash flow savings derived from the PACE Project. Additional details can be found in the Project Manual.