Property Assessed Clean Energy (PACE) Programs

Warshaw Burstein real estate finance partner Mike Zukerman discusses Property Assessed Clean Energy (PACE) Programs. These programs are an innovative and increasingly popular mechanism for financing energy efficiency and renewable energy improvements in both commercial and residential real estate developments. PACE programs allow a property owner to finance these up front improvements and pay the cost back over time through a voluntary assessment. The number of states and municipalities that have enacted these programs is growing.