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DRAFT Property Assessed Clean Energy (PACE) Resource Center

-About PACE

Property Assessed Clean Energy (PACE) is an economic development tool that enables low-cost, long-term financing for energy efficiency, renewable energy, and water conservation projects. As a broad, flexible financing tool, it can be used for commercial, nonprofit, and residential properties. PACE provides 100% upfront financing to complete an energy efficiency, renewable energy, or resiliency project. Extended-term financing allows for the property owner to pay back the loan over a period of up to 30 years. Not all states in the U.S. enable PACE finance. To date, PACE-enabling legislation is active in 38 states plus D.C., and PACE programs are active in 30 states. Additional information about PACE-enabling legislation can be found via the Programs Map.

The PACE financing model allows property owners to access affordable capital to make energy efficiency upgrades to their properties by allowing the local municipality to place a special assessment on the property’s tax bill. The debt is associated with the property, not the property owner, and therefore is repaid by the property owner via the assessment on the tax bill, making the costly energy efficiency upgrades affordable in the long term.

The PACE Finance Resource Center provides the tools and resources to better understand PACE finance.

Subscribe to CDFA's Energy Finance Update newsletter

-What's New

Recent Updates

Soil Wealth Areas: Place-based Financing for Conservation, Rural Communities & Regen AgMembers only Login
A new report from Croatan Institute highlights how the Soil Wealth Area model can facilitate more investment in regenerative agriculture, enhance conservation, and support resilient rural economies. The report provides specific recommendations for implementing Soil Wealth Areas in each of the regions analyzed and creating a wider Soil Wealth Community for practitioners to share learnings about their experiences with place-based financing.
CDFA-Bricker PACE Webinar Series: PACE 2.0 - The Next 10 Years
It has been approximately 10 years since the first PACE programs began. During this workshop, our speakers provided insights related to expanding PACE assessments to benefit buildings and properties for other non-energy related improvements such as indoor air quality, lead water pipe replacement, surface stormwater mitigation, and sewer overflows.
NYC Department of Finance's Notice of Adoption Relating to C-PACE  Members only Login
The New York City Department of Finance published a Notice of Adoption of a new rule broadening the scope of the Commercial Property Assessed Clean Energy (C-PACE) finance program. The amended rule, which goes into effect on November 7, 2021, has two key components: it will allow C-PACE financing to be used for the installation of energy efficiency improvements in new construction and it will expand loan eligibility to ground lease holders.

-Programs Map

Search the map below to find Property Assessed Clean Energy (PACE) programs by state. This specialized search is part of CDFA's State Financing Program Directory, the only online resource cataloging the development finance programs offered by state governments. Click on a state to see a sample of programs available. Login with a CDFA Member account at the top of the page to view full results.

-PACE Data & Resources

-Resources

This section provides resources to help better understand and navigate the PACE program.

View all PACE Resources

-Headlines

-Upcoming Events

CDFA Food Systems Finance Webinar Series: Empowering Agriculture with PACE Financing
June 25, 2024
2:00 PM - 3:30 PM Eastern
In this installment of the CDFA Food Systems Finance Webinar Series, experts will highlight the innovative ways in which PACE programs are evolving to support the agriculture industry across the country.
Register
CDFA-Bricker Graydon Webinar Series: Financing Green Energy with PACE and Special Assessments
September 10, 2024
2:00 PM - 4:00 PM Eastern
Communities are reinforcing tax increment financing (TIF) districts with special assessments and combining TIF with tax credits, tax-exempt bonds, subordinate loan programs, and other federal tools to channel funding toward improvements in distressed or underdeveloped areas. During this session, speakers will discuss the creative ways to use TIF and how to facilitate the successful financing of high-impact revitalization projects.
Register
View more Upcoming Events

-Previous Events

CDFA-Bricker PACE Webinar Series: PACE 2.0 - The Next 10 Years
It has been approximately 10 years since the first PACE programs began. During this workshop, our speakers provided insights related to expanding PACE assessments to benefit buildings and properties for other non-energy related improvements such as indoor air quality, lead water pipe replacement, surface stormwater mitigation, and sewer overflows.
CDFA-Bricker PACE Webinar Series: Best Practices for Marketing & Selling PACE Across All Market Sectors
Now that the PACE marketplace has been “built,” how does it become mainstream so that all property owners know about PACE? This workshop explored proven methods for marketing and selling PACE to contractors, economic development agencies, commercial real estate professionals, and ultimately the property owner.
CDFA-Bricker PACE Webinar Series: Advancing Multi-Family Housing & Renewable Energy Goals with PACE
Certain property and project types have not taken full advantage of PACE, however, during this workshop, we explored what is being done to advance the goals in these market areas.
CDFA – Bricker PACE Webinars: C-PACE Program Design: How Statutes, Programs, and Markets Come Together
This is the third webinar of the CDFA-Bricker PACE Webinar Series: C-PACE Program Design: How Statutes, Programs, and Markets Come Together moderated by Chris Jones from Bricker & Eckler LLP. Speakers included: Clifton Kellogg with C-PACE Alliance, Josh Smith with Petros PACE Finance, LLC, Michael Yaki with CleanFund Commercial PACE Capital, Inc.
CDFA – Bricker PACE Webinars: C-PACE Transactions from Start to Finish
This is the second webinar of the CDFA-Bricker PACE Webinar Series: C-PACE Transactions from Start to Finish. Speakers included: Caleb Bell with Bricker & Eckler, Jeremy Druhot with Columbus-Franklin County Finance Authority, Josh Hertzer with Ohio PACE, and Andrew Meyer with Twain Financial Partners.
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CDFA National Sponsors

  • BNY Mellon
  • Bricker Graydon LLP
  • Bryan Cave Leighton Paisner LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
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