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Property Assessed Clean Energy (PACE)

PACE is an innovative program that enables property owners to obtain low-cost, long-term loans for energy efficiency, renewable energy, and water conservation improvements. Projects financed using PACE can generate positive cash flow upon completion with no up-front, out-of-pocket cost to property owners—eliminating the financial barriers that typically prevent investment in revitalizing aging properties. 

PACE financing is repaid as an assessment on the property’s regular tax bill, and is processed the same way as other local public benefit assessments (like sidewalks and sewers) have been for decades. PACE can be used for energy efficiency, renewable energy, water conservation projects, and more!

Fast Facts

  • Milwaukee launched the first commercial PACE program in Wisconsin in 2013, which served as an implementation model for other cities. Milwaukee closed its first PACE deal in September 2014 to retrofit the University Club of Milwaukee.
  • Depending on local legislation, PACE can be used for commercial, nonprofit and residential properties. It can be combined with utility, local, and federal programs.
  • PACE-enabling legislation is active in 38 states plus D.C., and PACE programs are now active in 30 states plus D.C. Residential PACE is currently offered in California, Florida, and Missouri. 
  • The term of a PACE Financing may extend up to the useful life of the improvement, which may be as high as 20 years or more, and can result in cost savings that exceed the amount financing.
  • PACE Financing results in increased business profitability, higher property values, job creation using the local workforce, and better air quality and neighborhood health.

PACE Program Map

Find the Right PACE

PACE is available locally, statewide, and nationwide for interested parties.

PACE Milwaukee

Are you a Milwaukee commercial business? PACE Milwaukee can fund energy efficiency, renewable energy, water conservation, electric vehicle charging, green stormwater infrastructure, and more.

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PACE Wisconsin 

Are you a Wisconsin county or municipality? The Wisconsin PACE Commission offers an efficient and cost-effective option for different governments to collectively administer a uniform PACE program in the state.  

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PACE Nation

Are you a person or organization interested in making PACE available across the country? PACE Nation brings together members by providing leadership and support for a growing universe of PACE participants.

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