The Property-Assessed Clean Energy (PACE) allows the local government to raise money through bonds or other sources of capital to fund renewable energy projects. In a particular assessment district, the municipality will issue bonds for funding public projects. Property owners that benefit from the improvements repay the bond through property assessments, which are generally secuired by a property lien and paid in addition to the property tax bill.

Advantages Disadvantages
Secure financing of comprehensive projects over a long term
Administrative and legal expenses to setup
Repayment obligation passes with ownership
A lower turn around for financing
Taps into private capital
Resistance by lenders whose priority in bankruptcy may be reduced
Allows municipalities to encourage energy efficiency


 
 
Renewable Global Energy (RGE360) is a division of MBE Services Inc. RGE360 its principals, members, officers, attorneys, managers, operating managers and directors (collectively referred to as "RGE") are neither registered investment advisors, broker dealers nor financial advisors with any state/federal agencies within the United States or any other country.You understand and agree that no information contained in this website constitutes legal, accounting or tax advice of any kind, and you should contact an attorney or accountant before using any of the information described in this correspondence for your business, company or transaction you are involved in or are contemplating. RGE is not responsible for the content of any third-party documentation. RGE has the right to act as an intermediary, consultant or joint venture partner in any transactions in which it is involved. RGE is not responsible for: any subcontractor work, their payroll reports, any manufacturer products and their issues, any project design issues, any project delays, any intermediaries, any errors/omissions due to third parties or their performance.