PACE bond is a bond where the proceeds are lent to commercial and residential

property owners to finance energy retrofits (efficiency measures and small

renewable energy systems) and who then repay their loans over 20 years

via an annual assessment on their property tax bill. PACE bonds can be

issued by municipal financing districts or finance companies and the

proceeds can be typically used to retrofit both commercial and

residential properties.

The PACE bond market has the potential to dramatically accelerate

the energy retrofitting of America's building stock due to the below advantages. 

PACE Impact: Property tax lien oriented financing that dramatically

improves the economics of energy retrofits

(efficiency measures and micro renewable energy)

To see who supports PACE please click on our PACE Legislation Endorser List.