What is PACE?

Property Assessed Clean Energy (PACE)

The Property Assessed Clean Energy (PACE) model is an innovative mechanism for financing energy efficiency and renewable energy improvements on private property. It allows a property owner to finance the up-front cost of energy or other eligible improvements on a property and then pay the costs back over time through a voluntary assessment.  

How it all began

By the numbers

States

PACE legislation is in
36 states plus D.C.

Thousand Jobs

PACE has created over
53,000 new jobs

Thousand Projects

PACE has financed over
221,000 projects

Billion Dollars

PACE has surpassed over
$6 billion in financing

President Obama on Pace

PACENation has all the tools and resources you need to get started with PACE. Learn about the model, read about the benefits, browse FAQs, or find programs in your area. See how PACE financing lowers utility bills, makes buildings more valuable, creates jobs, promotes economic development, and protects the environment.

Why I Created PACE

“I did not think it was fair or right that you couldn’t put improvements on your home that made them safer, that saved energy, unless you had a lot of money in the bank.”