Residential PACE

Residential PACE (Property Assessed Clean Energy) is a financing program that allows homeowners to fund energy-efficient upgrades and renewable energy installations, such as solar panels or insulation. The cost is repaid over time through a special assessment on their property tax bill. This encourages energy improvements by making upfront costs more manageable and aligning repayment with property ownership. PACE programs are typically offered by local governments and approved by lenders, promoting sustainable home upgrades while providing financial incentives without requiring personal guarantees or credit checks.