PACE APPLICATION PROCESS

HOW TO PUT TOGETHER A PACE PROJECT

PREPARING A PACE PROJECT

ELIGIBILITY

P R O P E RT I E SC o m m e r c i a l

I n c l u d e s I n d u s t r i a l , A g r i c u l t u r a l , M u l t i f a m i l y w / > 5 u n i t s , N o n p r o fi t s

N o N e w B u i l d i n g s

P R O P E RT Y O W N E R S P r i v a t e l y O w n e d ( N o G o v e r n m e n t

P r o p e r t y

P R O J E C T S E n e r g y / W a t e r E ffi c i e n c y P e r m a n e n t l y a ffi x e d

USE OUR ELIGIBILITY SCREENING TOOL

Decide on a Project

Select a Lender

ITPRMortgagee

Consent

Select A Contractor

Prepare Application

Install and Verify

Closing

Decide on a

Project

InsulationHigh-efficiency windows or doorsAutomated energy control systemsHVAC modification or replacementCaulking, weather-stripping or air sealingLight fixture modifications

Water use efficiency improvementsEnergy- or water-efficient manufacturing processes and/or equipmentSolar panelsSolar hot waterGray water reuseRainwater collection system

Select a Contractor

PACE List ing on GBM

Select a Lender

Lender L ist

Prepare Application

ADMINISTRATION COSTS

$ 5 0 0 A P P L I C AT I O N F E E

1 % O R I G I N AT I O N ( M I N . $ 2 5 0 0 ) P a i d a t c l o s i n g

0 . 2 5 % A N N U A L R E S I D U A L F a c t o r e d a s a c o m p o n e n t o f t h e

i n t e r e s t r a t e

Sav ings to Inves tment Rat io (S IR )

SAVINGS:Total Energy/Water savings over the life of the project

INVESTMENT:Total amount of assessment (Financing amount)

Select an Independen

t Third Party

Engineer ( ITPR)

Get Mortgagee

Consent

Close on Financin

g

Requ i red Cont rac tsOwner and CountyLender and CountyAssessment LienMortgagee Consent (If Applicable)

Instal l Project and Veri fy

PACE TOOLS AND RESOURCES

Other Website Tools

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