Property Owners: Lower Energy Costs With No Out-Of-Pocket Expenses

Property Owners:
Lower Energy Costs
With No Out-Of-Pocket Expenses

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OHIO PACE lets you fund capital intensive projects with no out-of-pocket expense so you can generate positive cash flow from day one.

OHIO PACE enables commercial property owners to finance up to 100% of energy efficiency improvements. Financing is provided by private capital providers at competitive rates with some repayment terms up to 30 years.
“With PACE financing through the OHIO PACE program, we were able to fund energy-saving improvements such as LED lighting and wall insulation plus add an additional 150 KW of solar power with no down payment or personal guarantees required.”
Jeff Metzger OWNER KIDS FIRST SPORTS CENTER

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.

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    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.

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    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.