WECC’s Energy Finance Solutions (EFS) has launched PACE Wisconsin, a statewide program which provides commercial property owners with low-cost, long-term financing for energy efficiency, renewable energy, and water conservation improvements! The program has already been adopted by 11 Wisconsin counties.
PACE (Property Assessed Clean Energy) is an innovative program utilized by communities across the United States. PACE authorizes municipalities and counties to work with private sector lenders to provide upfront financing—usually for 100 percent of the cost of energy-saving improvements—to property owners for qualified projects.
PACE drives economic development by helping communities:
- Stimulate job creation and investment in goods and services.
- Lower the cost of doing business by reducing the cost of capital to fund improvements, which in turn saves building owners money on operating expenses.
- Revitalize aging buildings, thus improving the local building stock—and raising the value of property and the potential tax base.
- Achieve sustainability goals by fostering the completion of energy and water conservation projects.
Any local unit of government may elect to become members of the PACE Commission, pursuant to the terms of the Joint Exercise of Powers Agreement (JPA). To offer PACE Wisconsin, counties must pass a resolution authorizing execution of the JPA, and pass the Model PACE Ordinance through the county board of supervisors.
To get started, contact EFS at firstname.lastname@example.org.