09 Nov '17, 3am
DE considering PACE bill for long-term, low-interest financing for #energyefficiency. Learn more at 11/15 event!
is a financing mechanism that enables low-cost, long-term funding for construction, renovation, or retrofitting of energy efficient technology, clean energy systems, or qualifying waste heat recovery technologies to a qualifying commercial property. Once enabling legislation is passed, counties may choose to administer a commercial PACE program. The program is voluntary for all parties involved and can cover 100% of a project’s costs. Property owners pay the loans back through their annual property tax bill or other local tax assessments and there is no cost to state taxpayers. Commercial PACE programs can have multiple benefits for the Delaware’s residents and businesses including: