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Ohio PACE (Property Assessed Clean Energy) Financing
Ohio — state programSee program
PACE Financing is a financing method for investments in energy efficiency to commercial properties in Ohio. It is structured as a special assessment added to the property's tax bill, with no down payment, no personal guarantee, off-balance-sheet treatment, fixed rate and fixed payment, and 15–30 year extended terms. Eligible improvements include LED lighting, solar, HVAC, building shell, controls, elevators, and rooftop chiller units.
Program details
- Type
- loan
- Eligibility
- Commercial property owners in Ohio with eligible energy saving improvements; existing mortgage holder written consent required before a PACE special assessment can be added to the property's tax bill.
- Status
- open
- Administrator
- Ohio PACE
- More Info
- https://ohpace.org/
Source: Ohio — state program. Confirm current terms with the administering agency before applying.