MCE offers financing options – from loans to assistance finding a PACE provider – to help you get over the initial upfront cost hurdle of implementing energy efficiency upgrades.

Property Assessed Clean Energy (PACE)

Property assessed clean energy, or PACE, is an innovative way to finance energy efficiency, renewable energy, and water upgrades to residential and commercial builds. Property owners can finance up to 100% of the project, for up to 30 years, as a tax assessment on their property bill. The assessment obligation may be assumed by the new owner upon property sale, and under most leases, can be shared with tenants.

By providing low-cost long-term financing and making it easy for building owners to transfer repayment obligations upon sale, PACE aims to spur greater energy efficiency in existing buildings.

PACE began as a pilot program in 2008; today 31 states and the District of Columbia have adopted legislation that enables local governments to offer PACE benefits to building owners.


PACE financing provides a way to improve the efficiency of your home or business with little or no money down. In addition, repayment may be amortized for a period of up to 30 years, which can keep monthly payments low enough such that utility savings may exceed payments (net positive cash flow). Another benefit is that the interest may be tax deductible. MCE recommends consulting with a tax professional to understand if tax benefits apply to you. Finally, in some cases, the loan may transfer upon sale or refinancing, so you’re not paying for upgrades for a home or business you no longer occupy.

For more information check out our PACE FAQs or visit the MCE Finance Finder Tool.

Contact us at or (415) 464-6033.