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Property Assessed Clean Energy (PACE) financing

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    Posted: May 10 2019 at 11:21am

Caleb Bell of Brickler & Eckler explained that one economic development tool is Property
Assessed Clean Energy (PACE) financing. PACE assessments are used for private business
owners to perform energy efficiency improvements. The most common improvements are HVAC,
lighting, roofs, windows, and insulation. Property owners like the ability to reinvest in their
buildings. PACE assessments are senior to mortgages and other liens, which makes it more
valuable to the property owners. The City can create a district similar to the Community
Improvement Corporation or you can join an existing district. Regardless, the City’s approval is
required for every project and the property owner is still required to obtain all necessary permits.

Mr. Clark asked if staff had a recommendation. Mr. Brock advised that they will be speaking with
Middletown and Warren County to see what they have to offer.

Source: Monroe Council Minutes
Regular Meeting of Council April 23, 2019 – 6:30 p.m.
233 South Main Street, Monroe, Ohio 45050

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