PACE Loans in Seattle and the State of Washington

Clean Buildings Performance Standard: Washington enacted HB 1257 in 2019, mandating energy performance standards for government, multifamily, and commercial buildings of a certain size. The goal is to reduce building emissions by 95% by 2050. Buildings must meet specific Energy Use Intensity (EUI) targets based on building type and occupancy. The initial EUI target is set at 15% below the average EUI for the building type, with future targets to come.

Seattle, WA Building Emissions Performance Standards

Building Emissions Performance Standards: Seattle enacted building emissions performance standards in 2023, mandating emissions reductions for public, government, commercial, and multifamily buildings of a certain size. The goal is to reduce building emissions by 27% by 2050. Buildings must meet specific Greenhouse Gas Emissions Intensity (GHGIT) targets, measured in kgCO2e/SF/yr, based on building activity type.

PACE Equity financing can be used to cover 100% of the costs for renovations and retrofits pertaining to energy efficiency measures. Our in-house engineers, working in our Low Carbon Center of Excellence, are experts in low carbon building design and optimization. When you work with PACE Equity, we can help you fund the upgrades you need to do to comply with EUI targets. Receive our lowest rate for commercial renovation projects with our CIRRUS fund, our one-of-a-kind C-PACE program that offers lower interest rates for developments built to a low carbon engineering specification. When you renovate to meet EUI requirements, CIRRUS and its lower rates can be a great solution.