BENEFITS OF OWNER OCCUPIED PACE BUILDING PROJECTS

  • PACE can fund 100% of the energy efficiency related improvements, up to a maximum of 20% – 30% of the property “value at completion”
  • Frees up cash
  • PACE funds are available from the start of a project until 2 years after the completion of a project (i.e. a look back provision for project reimbursement)
  • $300K to $20 Million for any PACE project
  • PACE special assessment may be deductible as an operating expense
  • Energy savings, deferred maintenance and other operating savings often exceed the PACE special assessment
  • 45 – 75 days from application to closing
Owner Occupied