The City of Milwaukee established a Property Assessed Clean Energy (PACE) financing program to help existing building owners make energy saving, water saving, and renewable energy upgrades to their properties within City limits. Milwaukee’s PACE program improves the business case for energy efficiency and clean energy projects from the perspective of building owners while creating a secure environment for lenders. In so doing, the program helps to create local jobs, improves Milwaukee’s building stock, reduces the long-term operating expenses of buildings, and improves the environment.
The City of Milwaukee operates an “open-market” PACE financing model which is designed to allow PACE lenders to directly provide project capital to building owners for energy efficiency, water efficiency, and renewable energy projects.