EFFICIENT FINANCING
FOR BUILDING EFFICIENCY.

EFFICIENT FINANCING
FOR BUILDING EFFICIENCY.

OHIO PACE Projects

Gardner Business Media
Gardner Business Media
LED Lighting, Solar, HVAC, Building Shell
Newtown
$1.6 million in PACE Financing
Central Parke
Central Parke
Controls, HVAC
Norwood
$838,000 in PACE Financing
Baldwin Building
Baldwin Building
LED Lighting, Controls, Elevator
City of Cincinnati
$1.4 million in PACE Financing
36 East Seventh Street
36 East Seventh Street
LED Lighting, Rooftop Chiller Unit, Controls, Elevator
City of Cincinnati
$2.2 million in PACE Financing
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PACE Opportunities

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How it Works

PACE Financing is a financing method with great benefits, made just for investments in energy efficiency to commercial properties.

Download the OHIO PACE brochure

“PACE financing is modeled as part of the capital stack for every project we develop.”
Dan Neyer PRESIDENT, NEYER PROPERTIES
Dan Neyer

Potential PACE Benefits:

  • NO DOWN PAYMENT
  • OFF BALANCE SHEET TREATMENT
  • NO PERSONAL GUARANTEE
  • LEASE PASS THROUGH
  • FIXED RATE & FIXED PAYMENT
  • 15-30 YEAR EXTENDED TERM

OHIO PACE Funding Process

  • Initial Eligibility Form

    The property owner completes a brief form to help OHIO PACE determine if the property and potential energy project is eligible for PACE financing.

  • Energy Project Summary Form

    The property owner works with a OHIO PACE registered contractor to identify eligible energy saving improvements and quantify the energy savings. This form is submitted with the Energy Project Application.

  • Energy Project Application

    The application form allows the property owner to provide essential financial documentation about the property and its operating status. OHIO PACE provides the information to its network of registered capital providers to obtain PACE financing terms for the owner. NOTE: The property owner must obtain written consent from the existing mortgage holder before a PACE special assessment can be added to the property’s tax bill.

  • Image for: Funding

    Funding

    The property owner agrees to financing terms and then the PACE special assessment is added to the property’s tax bill. After the OHIO PACE financial closing occurs, the funding will be available for the eligible energy saving improvements.

  • Image for: Installation

    Installation

    The registered contractor completes the installation of the authorized energy saving improvements. OHIO PACE ensures all improvements are installed to the satisfaction of the property owner.