PACE yourself. And save energy.
PACE (Property Assessed Clean Energy) allows property owners to save energy using a special property assessment. This financing has several potential benefits to commercial property owners over traditional loan products. Traditional financing programs are typically limited by short repayment periods, high or variable interest rates, stringent credit requirements that do not account for savings from improved energy efficiency, lack of equity and limited availability.
PACE special assessments offer low fixed rates, eligibility determined by property value and longer repayment terms. If you want to update your building at a low fixed interest rate with a 10-year term, you want to PACE yourself. Contact the PACE Administrator to get started now!
- Commercial or industrial property owners of developed property (existing buildings) located within the city limits of Ann Arbor
- Applicant must be property title holder and property must be free of involuntary liens (federal or state taxes, judgments)
- Property owner must be current on mortgage (if property is mortgaged) and property taxes
- Property owner cannot be in bankruptcy and property cannot be an asset in a bankruptcy proceeding
- Energy analysis (energy audit)
- Insulation and weather sealing
- Lighting and controls
- Heating, ventilating and air-conditioning (HVAC) upgrades
- High-efficiency shower and faucet aerator replacements
- ENERGY STAR Appliances
- New doors and windows
- Solar photovoltaic (electric) systems
- Wind turbines
- Solar thermal hot water
- Ground source heat pumps
- Combined heat and power systems
- Biomass thermal systems
- The PACE Administrator determines your property qualifies for a limited energy analysis
- The property has an energy analysis that:
- Was performed under the energy efficiency program sponsored by the Ann Arbor Downtown Development Authority
- Is less than 3 years old and meets AHSRAE level II or III protocols.
If your property requires an energy analysis, you should contact one of the pre-qualified auditors listed on this website or speak to the PACE Administrator. While you may ultimately work with any contractor to complete the project work, the analysis must be performed by one of the program-approved auditors.