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Property Assessed Clean Energy (PACE) Financing
Nevada — state programSee program
PACE is a financing mechanism that enables low-cost, long-term funding for energy efficiency and renewable energy projects on commercial private property. Financing is repaid as an assessment on the property's regular tax bill, processed the same way as other local public benefit assessments. Enabled by Nevada Assembly Bill 5 (2017), local governments may voluntarily establish PACE programs by adopting a resolution.
Program details
- Type
- loan
- Eligibility
- Commercial private property owners in municipalities that have adopted a PACE program resolution; eligible projects include energy efficiency improvement projects and renewable energy projects as defined by the municipality
- Status
- open
- Administrator
- Nevada Governor's Office of Energy (enabling framework); local governing bodies administer individual programs
Source: Nevada — state program. Confirm current terms with the administering agency before applying.