The Face of PACE … Is It Right for Your Business ? What IS it , and why should I consider the program ?
by Danielle Anderson
The PACE Program : After the Great Recession , the PACE Program was funded by the private sector -- and adopted on a case-by-case basis -- by local governments modeling the national initiative . The Program enabled residential or commercial property owners -- with challenges accessing capital -- a way to finance energy-efficient improvements or needed repairs with no money down , using their home or property as collateral . Repayment of the ‘ loan ’ was made on an annual basis with a non-ad valorem tax assessment or lien on the property .
| 24 | EVOLVE BUSINESS AND ENTREPRENEUR MAGAZINE