Benefits of PACE
PACE is a voluntary financing program that offers local residents an opportunity to use an innovative financing instrument to upgrade their properties. PACE programs create virtuous circles in the local economy by deploying local capital, employing local labor, and improving comfort of the residents.
Local Governments
an instrument for economic development and job creation
- Achieving COP21 policy goals with no additional public debt
- Creating local jobs and increasing demand for skilled building professionals
- Helping fight "energy poverty" by lowering energy bills for the vulnerable populations
Investors
a secure scalable product and a source of green bonds
- Offers a secure repayment stream and uses a familiar property tax structure
- PACE is a source of asset-backed Green Bonds
Homeowners and commercial clients
a 100% financing linked to the property
- 100% up-front financing, repaid over 20 years, making long-term payback projects possible
- Results in improved comfort and lowered utility bills
- Customer-Centeric Consumer Protection Policies
Energy Services Professionals
a financing tool that help win a bigger job
- Empowers contractors to complete larger projects with longer payback period
- Training programs that open new opportunities for skilled and unskilled labor force
European Citizens
a public-private partnership creating resilient communities
- Improved building result in more connectivity, safety, and improved standard of living
- Energy efficiency retrofits reduce CO2 emissions and improve air quality
