mobileCommunity Calendar Broome A to Z Economic Development Community Calendar

PACE (Property Assessed Clean Energy) Finance Program

Funding Your Clean Energy Project

Energize NY PACE (Property Assessed Clean Energy) provides low cost, long-term alternative to traditional loans to fund clean energy projects in commercially owned buildings. PACE (Property Assessed Clean Energy) financing is not a bank loan and differs from traditional financing options because:

  • eligibility for financing is not based on traditional credit scores
  • financing is available for up to 100% of the project cost, or can be combined with other financing
  • customizable loan terms up to 20 years
  • the financing is repaid through an annual charge on the property’s tax bill, like other municipal charges for sewer or water
  • the financing automatically transfers to a new owner if the property is sold
  • Energize NY will finance only those projects generate cash flow to the owner, which means that the estimated annual savings exceed the annual financing cost

To learn more or apply for the program visit: http://commercial.energizeny.org/commercial-finance-application