Our ASHRAE Level 2 Energy Audit qualified Mystery Cove Waterpark at Mall of America in Minneapolis, Minnesota, for over $80-million in PACE funding! 
Our ASHRAE Level 2 Energy Audit qualified Montgomery Park in Portland, Oregon, for $12-million in PACE funding! 
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Over $200-Million! Energy audits by G-ENERGY have now enabled this much funding for PACE projects 
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What Is PACE?
Property Assessed Clean Energy (PACE) provides low-cost, long-term financing for energy efficiency, renewable energy and water conservation projects. A PACE-funded project is repaid through an assessment on the property tax bill, and is processed the same way as other local public benefit assessments (sidewalks, sewers, etc.).
How Does It Work?
PACE is a national initiative but programs are established locally and tailored to meet regional market needs. State legislation is passed that authorizes municipalities to establish PACE programs. In Michigan, for example, PACE can be used for commercial, nonprofit and industrial properties. However, many local governments around the country have developed and successfully implemented a variety of program models. Not all are the same but, regardless of model, there are several key elements for every PACE program.
What Are The Benefits?
Property owners love PACE because they can fund projects with no out-of-pocket costs. Since PACE financing can extend up to 20 years, it’s possible to undertake comprehensive property improvements that can provide considerable savings with a significant impact on the bottom line. The annual savings for a PACE project usually exceeds the annual assessment, so property owners are cash flow positive immediately. As a result, they have additional dollars that can be spent on other capital projects, budgetary expenses, or business expansion.
Local governments love PACE because it’s essentially an Economic Development Initiative that lowers the cost of doing business in their community. It encourages new business owners to invest in the area and creates jobs for the local workforce. PACE projects have a positive impact on air quality, creating healthier, more livable neighborhoods, and conserve precious natural resources in an efficient manner.
How Do I Get PACE?
The first step is to determine whether your area has an active PACE program and what the guidelines are. If your community does not have PACE, your project could be the impetus for initiating a PACE program. If PACE is available in your area, you will need to contact an energy auditor to perform an ASHRAE Level 2 Energy Audit on your property and help develop a cost-effective PACE project. Your energy auditor can also assist you in finding PACE contractors and lenders for your project.
G-ENERGY is an Authorized Energy Auditor for Lean & Green Michigan PACE, but we have provided energy audits for successful PACE projects outside Michigan, as well. We have assisted with PACE projects for both new construction and existing facilities, and should be your first contact to determine the PACE eligibility and potential for your project.
We look forward to hearing from you! Contact us at: info@g-energy.com
Property Assessed Clean Energy (PACE) provides low-cost, long-term financing for energy efficiency, renewable energy and water conservation projects. A PACE-funded project is repaid through an assessment on the property tax bill, and is processed the same way as other local public benefit assessments (sidewalks, sewers, etc.).
How Does It Work?
PACE is a national initiative but programs are established locally and tailored to meet regional market needs. State legislation is passed that authorizes municipalities to establish PACE programs. In Michigan, for example, PACE can be used for commercial, nonprofit and industrial properties. However, many local governments around the country have developed and successfully implemented a variety of program models. Not all are the same but, regardless of model, there are several key elements for every PACE program.
- PACE is voluntary for all parties involved.
- PACE can cover 100% of a project’s hard and soft costs.
- PACE financing is available with up to 20 year terms.
- PACE can be combined with utility, local and federal incentives.
- PACE projects are permanently affixed to a property.
- PACE assessments are filed with the local municipality/taxing authority as a lien on the property.
What Are The Benefits?
Property owners love PACE because they can fund projects with no out-of-pocket costs. Since PACE financing can extend up to 20 years, it’s possible to undertake comprehensive property improvements that can provide considerable savings with a significant impact on the bottom line. The annual savings for a PACE project usually exceeds the annual assessment, so property owners are cash flow positive immediately. As a result, they have additional dollars that can be spent on other capital projects, budgetary expenses, or business expansion.
Local governments love PACE because it’s essentially an Economic Development Initiative that lowers the cost of doing business in their community. It encourages new business owners to invest in the area and creates jobs for the local workforce. PACE projects have a positive impact on air quality, creating healthier, more livable neighborhoods, and conserve precious natural resources in an efficient manner.
How Do I Get PACE?
The first step is to determine whether your area has an active PACE program and what the guidelines are. If your community does not have PACE, your project could be the impetus for initiating a PACE program. If PACE is available in your area, you will need to contact an energy auditor to perform an ASHRAE Level 2 Energy Audit on your property and help develop a cost-effective PACE project. Your energy auditor can also assist you in finding PACE contractors and lenders for your project.
G-ENERGY is an Authorized Energy Auditor for Lean & Green Michigan PACE, but we have provided energy audits for successful PACE projects outside Michigan, as well. We have assisted with PACE projects for both new construction and existing facilities, and should be your first contact to determine the PACE eligibility and potential for your project.
We look forward to hearing from you! Contact us at: info@g-energy.com
