From the Greenway Office Building in Minneapolis to Timm’s Trucking in Morristown and from AirCorps Aviation in Bemidji to the First National Bank in Saint Paul, businesses are benefitting from solar and efficiency improvements with no up-front costs and streamlined payments through their property tax assessments.
Updated map: 63 of Minnesota’s 87 counties now allow PACE financing, as you can see on the map below. In these counties, there are more than 160 businesses, multi-family apartment buildings, nonprofits, places of worship, and other commercial entities with exciting projects under their belts. Click around to learn more!
New video: Learn how the Greenway Office Building in Minneapolis, owned by Wellington Management, installed solar with no money down through their property taxes using PACE financing (Property Assessed Clean Energy) through the Saint Paul Port Authority. Video by the talented Natalie Swanson!
What is PACE? Property-Assessed Clean Energy (PACE) is a new way to finance energy efficiency and renewable energy upgrades to the buildings of commercial property owners. Energy-saving measures pursued by the owners receive project financing and are repaid as a separate item on their property tax assessment for a set period. PACE eliminates the burden of upfront costs by providing low-cost, long-term financing.
Property Assessed Clean Energy (PACE) is a new way to finance energy efficiency and renewable energy upgrades to the buildings of commercial property owners.
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from MN Energy Stories Blog from CERTs https://www.cleanenergyresourceteams.org/blog/minnesota-now-boasts-over-160-clean-energy-projects-financed-using-pace
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