PACE Equity is a long term, fixed rate, non-recourse private capital source for developers and building owners. We fund elements related to energy efficiency, renewable energy, and resiliency through a public-private partnership authorized by the WA State Legislature in 2020. We are repaid via a special tax assessment that can stay with the property at sale. Through the Washington State Commercial Property Assessed Clean Energy + Resiliency (C-PACER) program, we can provide funding for up to 30% of the capital stack for new construction, replacing more expensive funding, resulting in a lower cost of capital and higher returns. We can also fund up to 100% of the cost of energy efficiency measures that comply with Clean Buildings Act requirements. Since 2014, PACE Equity has funded over 200 PACE projects with a focus on delivering improved return for our clients.
