Property Assessed Clean Energy, or PACE, is a useful tool for any innovative financier’s toolkit.  Today, we’re taking a closer look at PACE specifically in North Carolina.

PACE 101

But first:  A quick recap on PACE.  PACE programs reduce the upfront costs of clean energy by allowing building owners to pay these costs over time as an add-on to their property tax bill.  Paying for improvements in this way is not a new idea – special purpose property assessments have long helped finance communal improvements such as sidewalks and sewer lines.

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