This article written by JP McNeil, CEO of HERO Financing and Mahesh Shaw, CEO of FIGTREE Energy Financing
More and more municipalities are embracing Property Assessed Clean Energy (PACE) financing programs as a valuable service they can offer to residents at no cost to the public coffers.
PACE makes it possible for property owners to finance certain energy-efficient upgrades through their property taxes and to pay for these improvements slowly over 5 to 20 years, depending on the cost and type of project. Because the financing mechanism is tied to a property owner’s assessments, the interest paid is tax deductible. And the upgrades often lower utility bills so significantly that the there is no net cost to the property owner on an annual basis. Read full story.