PACE Wisconsin
  • Home
  • About Us
    • What is PACE?
    • In the News
    • Board of Directors
    • Program Administrator
    • Projects
    • The Partnership
    • Contact Us
  • Property Owners
    • Eligible Projects
    • Loans Under $500,000
    • Property Owner FAQ
    • Webinars
  • Local Governments
    • Participating Communities
    • How to Participate
    • Local Governments FAQ
  • Capital Providers
    • Participating Capital Providers
    • Mortgage Lenders
    • Lenders FAQ
    • Becoming a PACE Lender
  • Contractors
    • Registered Contractors
    • Eligible Projects
    • Contractors FAQ
  • Project Center
    • Apply Now
    • Log in

What is PACE?

What is Property Assessed Clean Energy (PACE)?

PACE is an innovative program that enables property owners to obtain low-cost, long-term loans for energy efficiency, renewable energy, and water conservation improvements. Projects financed using PACE can generate positive cash flow upon completion with no up-front, out-of-pocket cost to property owners—eliminating the financial barriers that typically prevent investment in revitalizing aging properties. The term of a PACE Financing may extend up to the useful life of the improvement, which may be as high as 20 years or more, and can result in cost savings that exceed the amount of the PACE Financing. The result is improved business profitability, an increase in property value, and enhanced sustainability.  

PACE Financing is sourced from an open lending market and secured through a voluntary PACE Special Charge, repaid directly to the lender. Like property taxes, PACE Financings may be transferred to the next property owner if the property is sold. The remaining balance of the PACE Financing is repaid by the subsequent owner, who continues to receive the benefits of the improvements from the project. Eligible commercial properties include multifamily buildings of five units or more, as well as industrial, non-profit, agriculture, and hospitality properties.

​For more information about PACE, watch the video below and visit PaceNation.us.
​Links​
  • What is PACE?
  • Board of Directors
  • Program Administrator
  • The Partnership
  • Contact Us​
Resources​​
  • Overview
  • Fact Sheet

© 2019 PACE WISCONSIN |  1.800.522.3014
Proudly powered by Weebly