For more information on Ann Arbor's PACE program, or if you are a commercial property owner interested in PACE financing, please first review the PACE report and other materials below and at right, or learn more about the program at a2energy.org/commercial-savings. For additional questions contact: firstname.lastname@example.org or 734-794-6430 x43714.
In December of 2010, Michigan passed legislation which authorizes local governments to create Property Assessed Clean Energy (PACE) districts to finance efficiency improvements and renewable energy systems to commercial and industrial properties through voluntary special assessments. Building owners benefit by saving energy and the community benefits from the economic stimulus, improved property valuation, increased employment and reduction of greenhouse gas emissions.
Participation is limited to projects that demonstrate energy savings greater than their costs, so that participants' costs before, during and after the PACE assessment will resemble the chart below:
PACE PRESS RELEASES:
March 13, 2013 - City Sells First PACE Bonds in Michigan
October 3, 2011 - City Council Establishes PACE District.pdf
September 20, 2011 - City Council Passes Intent to Establish PACE