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DC PACE

Building Owners

PACE financing can provide a valuable source of up-front capital to finance clean energy projects and fund the repair and replacement of critical capital equipment within your building.

PACE financing can provide a valuable source of up-front capital to finance clean energy projects and fund the repair and replacement of critical capital equipment within your building. Learn how DC PACE can help meet your building needs.

REDUCE UTILITY BILLS
– Cut energy, water, stormwater and sewer fees
– Realize savings immediately
– Hedge against rising prices

IMPROVE CASH FLOW
– Up to 100% financing with no money down
– Increase net operating income immediately
– Reduce O&M costs

LOWER CAPITAL COSTS
– Use PACE to displace owner’s equity and expensive mezzanine debt
– Fixed and adjustable rates at long terms (up to 20 years or more)
Compatible with most tax incentives and rebates

EXTEND CAPITAL BUDGETS
– Address deferred maintenance needs
– Preserve capital replacement reserves
– Solve gaps in project funding

INCREASE PROPERTY VALUE
– Improve tenant comfort
– Command higher lease rates
– Potentially off-balance sheet investment

GO GREEN
– Increase Energy Star score and LEED rating points
– Reduce building carbon footprint & create green jobs
– Install clean energy improvements like solar

Apply Now

Building Owner Resources

Apply Now: Fill out a short online form to check your eligibility, and we will get back to you about next steps.

Find a Service Provider: These contractors, consultants, and more are familiar with DC PACE.

Find a Capital Provider: The listed lenders have registered to finance DC PACE projects.

FAQs:Have a question? Check out these FAQs or contact us today.

More resources for building owners

Eligible Property Types

Non-Profit and Special Use
Most non-profit properties, including schools (private and charter), houses of worship, and community institutions qualify for DC PACE, even if you do not currently pay real estate taxes.
Industrial
Industrial properties, including manufacturing facilities, warehouses, and other sites qualify for DC PACE.
Institutional
Large non-profit and for-profit institutions such as universities and hospitals can take advantage of DC PACE financing.
Multifamily
Multifamily residential (five or more units), including rental apartments and many coops, are eligible for DC PACE. Condominiums are often a challenging fit for PACE, but under certain circumstances they may qualify.
Commercial Office/Retail
Commercial real estate, from offices to retail to mixed-use properties all qualify for PACE financing.

Eligible Project Types

Soft Costs
Soft costs such as engineering and design fees, the cost of energy audits and other predevelopment expenses can be financed with PACE. In many cases, the PACE financing can be used to reimburse property owners for eligible soft costs incurred and paid out-of-pocket prior to closing.
Stormwater Retentions
Measures that are intended to reduce and retain stormwater run-off are eligible for DC PACE. Examples include green roofs, retention ponds, permeable paving, cisterns, and bioswales.
Water Conservation
PACE can fund water-saving fixtures, such as low-flow faucets, showers, and commodes. Other water conservation measures such as grey-water harvesting or water-conserving irrigation can also qualify.
Lighting and Controls
Energy efficient indoor and outdoor lighting, lighting controls, and day-lighting solutions are all eligible for PACE.
HVAC Systems
A wide range of heating, cooling, and ventilation equipment can be financed with PACE. Examples include boilers and chillers, VRF/VRV systems, rooftop units, building controls, heat recovery and steam traps, variable speed drives, domestic hot water systems, fuel switching, and more.
Envelope Improvements
PACE can be used to finance windows, insulation, cool roofing, weather sealing, and other envelope improvements.
Renewable and Generation
Clean energy generation technologies including solar PV, solar thermal, geothermal, and co-generation / tri-generation systems can all be funded with PACE. Related infrastructure costs, such as roof repairs needed to support solar and upgrades to electrical or thermal distribution infrastructure may also be eligible.