Pace Update

PACE Wisconsin is growing with more counties and lenders in the program. Since September, Winnebago and Kenosha Counties adopted PACE, bringing the total to 25 PACE counties that cover more than 800 municipalities and more than 55% of Wisconsin’s population.

PACE, property assessed clean energy, is a way for counties to help developers and building owners implement energy efficient building solutions. Local lenders finance 100% of upgrades for commercial energy efficiency, solar, and water conservation through a special municipal charge. There are now nine lenders, including Wisconsin-based McFarland State Bank. These lenders bring a large amount of capital to fund PACE projects ranging from $75,000 to $20 million. Currently, there are 20 to 30 energy projects in the pipeline. PACE Wisconsin

Nationally, 33 states plus Washington D.C. have commercial PACE programs and the loan volume, presently at $493 million, is doubling annually. PACENation