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PACE Energy Financing Program

Achieving Energy Efficiency
The Property Assessed Clean Energy (PACE) Program is an innovative economic development financing tool that encourages energy efficiency, water efficiency and renewable energy measures for commercial, industrial, multi-family, nonprofit and faith based property owners. Through a property special assessment process, PACE enables up to 100% financing, 15 to 20 year terms and positive cash flow for the life of the project by guaranteeing payment on the financing.  If the borrower defaults on a loan payment, the local unit places a lien against the property through a special assessment, guaranteeing eventual payment to the lender.  To make all of this possible, the City of Troy has joined Lean & Green Michigan’s PACE statewide financing program.  By joining Lean and Green Michigan, our local businesses have access to a statewide market of lenders and contractors that can help make profitable clean energy projects a reality – all with no taxpayer money.

More Information
Find out more about the PACE Program and how it effects Troy. Learn more through Lean & Green Michigan.

PACE Program
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