[MCN] PACE Financing

[Jordan G]

Property Assessed Clean Energy  is a means of financing energy efficiency
<https://en.wikipedia.org/wiki/Efficient_energy_use> upgrades or renewable
energy installations for buildings.

One of the most notable characteristics of PACE programs is that the loan
is attached to the property rather than an individual.

This allows for the benefits of renewable energy to be gained, without
incurring all the initial upfront cost.

The loans are repaid over the assigned term (over the course of somewhere
between 5 and 25 years) via an annual assessment on their property tax
<https://en.wikipedia.org/wiki/Property_tax> bill.

PACE bonds can be issued by municipal financing districts, state agencies
or finance companies and the proceeds can be used to retrofit
<https://en.wikipedia.org/wiki/Retrofit> both commercial and residential
properties.


<http://www.pacenow.org/>
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