Property Assessed Clean Energy

Property Assessed Clean Energy (PACE) is a financing program that helps property owners pay for energy-saving improvements, such as solar panels or energy-efficient windows. Instead of paying upfront, homeowners can take out a loan that is repaid through an added charge on their property tax bill over several years. This makes it easier to invest in sustainable upgrades without the burden of immediate costs. PACE programs are often supported by local governments to promote clean energy and reduce greenhouse gas emissions, benefiting both the environment and local economies.