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PACE (Property Assessed Clean Energy) Finance Program

ENERGIZE NY - PACE Finance Kickoff Event

March 21 - 5 - 7 pm - Holiday Inn Arena

Registration and Event Sponsorship Information

Broome County now offers Energize NY PACE finance to help commercial property owners and non-profits finance energy efficiency and renewable energy upgrades to their buildings. 

Building owners will see an increase to the value of buildings, while experiencing decreased utility bills. This translates to money staying in the building owners pocket. Building tenants will notice an increased level of comfort from more efficient heating and cooling systems. 

Typical upgrades include:

Energy Efficiency:

  • Boilers and controls
  • Chillers and controls
  • Insulation and air sealing
  • Lighting
  • Oil to Gas conversions
  • Pumps
  • Windows

Renewable Energy:

  • Solar Photovoltaic Systems
  • Solar Thermal Systems
  • Geothermal
  • Wind Turbines

Demand Management:

  • Combined Heat and Power
  • Battery Storage
  • Thermal Storage
  • Fuel Cells

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