What is a PACE Financing?
A PACE Financing Loan is a loan that is secured by the borrower’s property. It is a long-term loan with bi-annual payments that are usually lower than those of other types of loans.
What are the Benefits of PACE Financing?
PACE is a type of financing that allows property owners to finance the cost of energy efficiency upgrades. Most PACE programs offer an interest rate that is lower than what you would find on a traditional loan.
The benefits of PACE financing are many, but the most notable are:
-The interest rate is typically lower than what you would find on a traditional loan.
-It is usually easy to qualify for the program, and there are no credit checks or down payments required.
-You can finance up to 100% of the cost of your energy efficiency upgrades.