PACE Program

Mixed use building in Midtown
 
Are you a property owner? Want to install energy efficiency upgrades or renewable energy? Check if you're eligible for the Property Assessed Clean Energy (PACE) program.
 
PACE is an innovative financing tool focused on energy and water projects. We use it to encourage energy and water efficiency improvements and renewable energy projects. These types of property owners are eligible for PACE:

  • Commercial
  • Industrial
  • Non-profit organizations

If we approve your project, the PACE lender funds the cost for your upgrades or installations. Financing lasts for a 15 to 20 year term with positive cash flow for the life of your project.

If you default on a loan payment, we place a lien against the property. This happens through a special assessment, guaranteeing payment to the lender.

 

Why are we doing this now?
City Commission adopted PACE on August 22, 2017. PACE aligns with the City's Sustainability Plan and Transformation Plan outcomes. It also supports the goals and objectives of Grand Rapids 2030. Find out more about PACE here.

 

Complete the online PACE Project Inquiry Form