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PACE Massachusetts
Massachusetts — state programSee programDeadline: rolling
Property Assessed Clean Energy (PACE) Massachusetts is a program administered by MassDevelopment that allows commercial, industrial, multifamily (5+ units), and nonprofit property owners to finance energy efficiency and renewable energy improvements through a betterment assessment and lien on their property, repaid via private capital providers. Financing terms extend up to 20 years, with no upfront costs, and the assessment transfers to subsequent property owners upon sale.
Program details
- Type
- loan
- Deadline
- rolling
- Eligibility
- Owners of commercial and industrial buildings, owners of multifamily properties with five-plus units, and nonprofit organizations that own buildings. Property must be located in a municipality that has opted into PACE Massachusetts.
- Status
- open
- Administrator
- MassDevelopment
Source: Massachusetts — state program. Confirm current terms with the administering agency before applying.