Buildings and Efficiency

Property Assessed Clean Energy (PACE)

Property assessed clean energy (PACE) financing programs provide a way for building owners to complete energy efficiency upgrades, including retrofits, without having to pay the entire cost of the operation up front. Under PACE programs, building owners can finance upgrade projects with a loan that is tied to the property itself, rather than the owner — which means if a building changes ownership, the PACE loan is carried with it. Additionally, building owners can secure up to 100% of project financing and pay it back over a long period of time, sometimes up to 30 years, as an additional payment on their property tax bill.

States must pass PACE enabling legislation to offer this financing, but the programs are usually administered by local governments. PACE programs exist for both commercial (C-PACE) and residential (R-PACE) buildings, although the latter is much more common. After a 2010 Federal Housing Finance Agency decision, which ordered federal lenders to stop purchasing mortgages with PACE loans, most R-PACE programs across the country stalled out.

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Glossary of Terms

States with Policy Enacted

In Progress

Partially Enacted

See States List

Key Resources

Glossary of Terms

Commercial Property Assessed Clean Energy

An overview of C-PACE program characteristics, how to reach underserved communities, and key considerations for state and local governments when designing the policy.

2024

Source:

U.S. EPA

State-level PACE Programs

An interactive map of PACE programs in the U.S.

2024

Source:

PACE Nation

Reducing Building Sector Emissions by Financing Energy Efficiency Projects

An article explaining PACE and energy savings performance contracts (ESPCs) as state driven efficiency financings.

2023

Source:

Climate XChange

Commercial Property Assessed Clean Energy (PACE) Toolkit

A toolkit and resources to assist with state and local C-PACE program implementation.

2022

Source:

U.S. DOE

Model States

Glossary of Terms

California

California has enacted residential and commercial PACE-enabling legislation and has active programs.

2007

Establishing Policies

AB 811 (2007)

Maine

Maine has enacted residential and commercial PACE-enabling legislation and has active programs.

2021

Establishing Policies

LD 340 (2021)

Missouri

Missouri has enacted residential and commercial PACE-enabling legislation and has active programs.

2010

Establishing Policies

RSMo § 67.2800 to 67.2840 (2010)

Glossary of Terms

Filters

Status	State Sort descending	Region	YR Enacted
Enacted	Alabama Empty column Alabama has enacted commercial PACE-enabling legislation, but does not have an active program. Establishing Policies SB 220 (2015) Empty column	Southeast	2015
Enacted	Alaska Empty column Alaska has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies HB 80 (2017) Empty column	West	2017
Not Enacted	Arizona Empty column Property assessed clean energy (PACE) allows residential and/or commercial property owners to finance efficiency upgrades with loans tied to the property. Empty column	Southwest
Enacted	Arkansas Empty column Arkansas has enacted residential and commercial PACE-enabling legislation and has active programs. Establishing Policies SB 640 (2013) Empty column	Southeast	2013
Enacted	California Empty column California has enacted residential and commercial PACE-enabling legislation and has active programs. Establishing Policies AB 811 (2007) Empty column	West	2007
Enacted	Colorado Empty column Colorado has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies C.R.S. 32-20-101 et seq. (2010) Empty column	West	2010
Enacted	Connecticut Empty column Connecticut has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies SB 501 (2012) Empty column	Northeast	2012
Enacted	Delaware Empty column Delaware has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies SB 113 (2018) Empty column	Southeast	2018
Enacted	Florida Empty column Florida has enacted residential and commercial PACE-enabling legislation and has active programs. Establishing Policies HB 7179 (2010) Empty column	Southeast	2010
Enacted	Georgia Empty column Georgia has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies HB 206 (2024) Empty column	Southeast	2024
In-Progress	Hawai‘i Empty column Hawaii has enacted commercial PACE-enabling legislation and is developing programs. Establishing Policies HB 2088 (2022) Empty column	West	2022
In-Progress	Idaho Empty column Idaho has enacted residential PACE-enabling legislation, but does not have an active program. Establishing Policies HB 624 (2024) Empty column	West	2024
Enacted	Illinois Empty column Illinois has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies HB 2831 (2017) Empty column	Midwest	2017
Not Enacted	Indiana Empty column Property assessed clean energy (PACE) allows residential and/or commercial property owners to finance efficiency upgrades with loans tied to the property. Empty column	Midwest
Not Enacted	Iowa Empty column Property assessed clean energy (PACE) allows residential and/or commercial property owners to finance efficiency upgrades with loans tied to the property. Empty column	Midwest
Not Enacted	Kansas Empty column Property assessed clean energy (PACE) allows residential and/or commercial property owners to finance efficiency upgrades with loans tied to the property. Empty column	Midwest
Enacted	Kentucky Empty column Kentucky has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies HB 100 (2015) Empty column	Southeast	2015
Not Enacted	Louisiana Empty column Property assessed clean energy (PACE) allows residential and/or commercial property owners to finance efficiency upgrades with loans tied to the property. Empty column	Southeast
Enacted	Maine Empty column Maine has enacted residential and commercial PACE-enabling legislation and has active programs. Establishing Policies LD 340 (2021) Empty column	Northeast	2021
Enacted	Maryland Empty column Maryland has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies SB 186 (2014) Empty column	Southeast	2014
Enacted	Massachusetts Empty column Massachusetts has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies H. 4568 (2016) Empty column	Northeast	2016
Enacted	Michigan Empty column Michigan has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies HB 5640 (2010) Empty column	Midwest	2010
Enacted	Minnesota Empty column Minnesota has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies Sec. 216C.435 MN Statutes (2010) Sec. 216C.436 MN Statutes (2010) Empty column	Midwest	2010
Not Enacted	Mississippi Empty column Property assessed clean energy (PACE) allows residential and/or commercial property owners to finance efficiency upgrades with loans tied to the property. Empty column	Southeast
Enacted	Missouri Empty column Missouri has enacted residential and commercial PACE-enabling legislation and has active programs. Establishing Policies RSMo § 67.2800 to 67.2840 (2010) Empty column	Midwest	2010
Enacted	Montana Empty column Montana has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies SB 147 (2021) Empty column	West	2021
Enacted	Nebraska Empty column Nebraska has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies LB 1012 (2016) Empty column	Midwest	2016
Enacted	Nevada Empty column Nevada has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies AB 5 (2017) Empty column	West	2017
Enacted	New Hampshire Empty column New Hampshire has enacted residential and commercial PACE-enabling legislation and has active programs. Establishing Policies HB 1554 (2010) HB 205 (2015) Empty column	Northeast	2015
In-Progress	New Jersey Empty column New Jersey has enacted commercial PACE-enabling legislation and is developing programs. Establishing Policies A2374/S1953 (2021) Empty column	Northeast	2021
In-Progress	New Mexico Empty column New Mexico has enacted commercial PACE-enabling legislation and is developing programs. Establishing Policies SB 647 (2009) Empty column	Southwest	2009
Enacted	New York Empty column New York has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies A8862 and A40004A (2009) Empty column	Northeast	2009
Not Enacted	North Carolina Empty column Property assessed clean energy (PACE) allows residential and/or commercial property owners to finance efficiency upgrades with loans tied to the property. Empty column	Southeast
Not Enacted	North Dakota Empty column Property assessed clean energy (PACE) allows residential and/or commercial property owners to finance efficiency upgrades with loans tied to the property. Empty column	Midwest
Enacted	Ohio Empty column Ohio has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies HB 1 (2009) Empty column	Midwest	2009
Enacted	Oklahoma Empty column Oklahoma has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies SB 668 (2009) SB 102 (2011) Empty column	Southwest	2011
Enacted	Oregon Empty column Oregon has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies HB 2626 (2009) Empty column	West	2009
Enacted	Pennsylvania Empty column Pennsylvania has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies SB 234 (2018) Empty column	Northeast	2018
Enacted	Rhode Island Empty column Rhode Island has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies HB 6019 Sub A (2013) Empty column	Northeast	2013
Not Enacted	South Carolina Empty column Property assessed clean energy (PACE) allows residential and/or commercial property owners to finance efficiency upgrades with loans tied to the property. Empty column	Southeast
Not Enacted	South Dakota Empty column Property assessed clean energy (PACE) allows residential and/or commercial property owners to finance efficiency upgrades with loans tied to the property. Empty column	Midwest
Enacted	Tennessee Empty column Tennessee has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies SB 795 (2021) Empty column	Southeast	2021
Enacted	Texas Empty column Texas has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies SB 385 (2013) Empty column	Southwest	2013
Enacted	Utah Empty column Utah has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies SB 221 (2013) SB 273 (2017) Empty column	West	2017
Enacted	Vermont Empty column Vermont has enacted residential PACE-enabling legislation, but does not have an active program. Establishing Policies HB 446 (2009) Empty column	Northeast	2009
Enacted	Virginia Empty column Virginia has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies Va. Code - 15.2-958.3 (2009) Empty column	Southeast	2009
Enacted	Washington Empty column Washington has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies HB 2405 (2020) Empty column	West	2020
Not Enacted	West Virginia Empty column Property assessed clean energy (PACE) allows residential and/or commercial property owners to finance efficiency upgrades with loans tied to the property. Empty column	Southeast
Enacted	Wisconsin Empty column Wisconsin has enacted commercial PACE-enabling legislation and has active programs. Establishing Policies AB 255 (2009) Empty column	Midwest	2009
Enacted	Wyoming Empty column Wyoming has enacted residential and commercial PACE-enabling legislation, but does not have active programs. Establishing Policies HB 179 (2011) Empty column	West	2011

Property Assessed Clean Energy (PACE)

Key Resources

Commercial Property Assessed Clean Energy

State-level PACE Programs

Reducing Building Sector Emissions by Financing Energy Efficiency Projects

Commercial Property Assessed Clean Energy (PACE) Toolkit

Model States

California

Maine

Missouri

Property Assessed Clean Energy (PACE) By State