Chicago PACE (Property Assessed Clean Energy) is an innovative financing program that allows owners and developers of commercial properties within the City of Chicago to fund up to 100% of the costs for energy efficiency, renewable energy, and water conservation projects. The program's mission is to stimulate economic development and promote sustainability by providing access to affordable, long-term capital. Financing is provided by private capital providers and is repaid as a special assessment on the property's tax bill, with the assessment transferring to the new owner upon sale. The program is sponsored by the City of Chicago and administered by Loop-C-PACE LLC.

Founded in

United States