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PACE MILWAUKEE

The City of Milwaukee’s Property Assessed Clean Energy (PACE) is an innovative program that provides long-term, fixed-rate financing to private building owners and is a considered to be a property tax assessment. Eligible improvements include HVAC, lighting, solar photovoltaic (PV) systems, and other improvements in both existing buildings and new construction projects. 

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Eligible Properties

  • Those located in the City of Milwaukee (Property not located in the City? Consider PACE Wisconsin)
  • Commercial property (all non-residential properties, multi-family buildings with 5+ units, industrial, retail, and office space)
  • No property tax delinquencies for 3 years
  • Free of title disputes
  • Clear of involuntary liens or judgments

 

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Benefits

  • Provides private capital to fund your project
  • Financing availability based on property value, not owner credit
  • Repayment obligation stays with property if sold or transferred
  • Longer term financing (up to 30 years)
  • 100% project financing up to 20-30% of property value (can be appraised value at completion)
  • Potential to pass on project costs to tenants
  • Potential to count investment as an operating expense
  • Improved property value
  • Improved net operating income
  • Improved occupant comfort
  • Replaces outdated equipment with modern, energy-efficient equipment
  • Allows marketing of "green" property features
  • Added amenities such as EV Charging stations to attract tenants

Eligible Improvements

The following categories of improvements can be made with PACE Financing. Find examples on the project page.

Energy or Water Efficiency

  • High efficiency lighting
  • HVAC upgrades
  • High efficiency boilers and furnaces
  • High efficiency hot water heating systems
  • Water conservation measures 
  • Building envelope improvements
  • Electric vehicle charging stations

Renewable Energy

  • Solar PV and thermal
  • Wind power
  • Geothermal energy
  • Fuel cells
  • Methane gas from landfills
  • Energy reliability (microgrid, battery storage)

Stormwater Controls (GI)

  • Green roofs, rain gardens, trees
  • Cisterns, rain barrels (permanent)
  • Bioswales (dry ponds, other detention)
  • Permeable surfacing, depaving
  • Landscaping with deeply rooted plants
  • Soil ammendments
  • Other resiliency upgrades
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