Homeowners now have access to affordable, easy-to-use financing for energy efficiency and renewable energy improvements through the award-winning YgreneWorks™ PACE (Property Accessed Clean Energy) financing program. PACE financing allows home and building owners to finance qualifying energy efficiency and clean energy improvements through voluntary tax assessment. Property owners pay for the improvements over time and the repayment obligation transfers automatically to the next owner if the property is sold. Similar to a sewer tax assessment, capital provided under the PACE program is secured by a lien on the property, so low-interest capital can be raised from the private sector with no government financing required.
PACE financing offers a broad range of benefits to homeowners and commercial building owners as well as energy efficiency/renewable energy contractors.