CDBG

Property Assessed Clean Energy (PACE) Program

The property assessed clean energy (PACE) model is an innovative mechanism for financing energy efficiency and renewable energy improvements on private property. PACE programs exist for commercial or residential properties.

PACE programs allow a property owner to finance the up-front cost of energy or other eligible improvements on a property and then pay the costs back over time through a voluntary assessment. The unique characteristic of PACE assessments is that the assessment is attached to the property rather than an individual.

For more information, contact our department or visit the Department of Energy’s PACE webpage: https://www.energy.gov/eere/slsc/property-assessed-clean-energy-programs

The Dayton-Montgomery County Port Authority has been a lender on multiple PACE projects in the Dayton Region. We encourage you to speak with them if you have are planning PACE project: www.daytonport.com

Category: Local

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The CDBG Program is for the development of viable urban communities, by providing decent housing, a suitable living environment and expanding economic opportunities, for persons of low and moderate income. Learn More