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PACE Financing
Commercial Property Assessed Clean Energy (“PACE”) financing programs use authority given to a municipal corporation to offer financing for property owners to fund energy efficiency and renewable energy projects on existing structures through a property owner’s voluntary agreement to have a special assessment or special tax charge placed on their annual property tax bill. This provides financing for these types of improvements over time without requiring the property owner to make a large upfront investment.
- Read more about PACE Financing from NYSERDA here.
